Urban Outfitters to acquire Vetri Family restaurant group
Urban Outfitters said on Monday it will acquire The Vetri Family restaurant group based in Philadelphia founded by Marc Vetri whose portfolio includes Osteria Vetri Ristorante and Pizzeria Vetri. The retailer noted no plans to integrate restaurants with stores though it runs three Urban Outfitters Spaces in Brooklyn Austin and Los Angeles blending retail dining and arts events.
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U.S. Firms Exposed to Europe Slump After Paris Attacks
Nine S&P 500 companies with high Europe exposure including Coca-Cola Enterprises Priceline Group and Owens-Illinois saw weaker performance after the Paris attacks. The group averaged a 0.5% gain versus a 1.5% rise for the broader market, reflecting added geopolitical risk.
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Mondelez
McDonald's
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VFC
Carnival
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FOXA
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Travel stocks slide after Paris terror attacks forces market drop
Airline and hotel equities fall as terror attacks in Paris reverberate globally. Delta, United, American slip while Carnival, Royal Caribbean and Norwegian cruise lines dip. Marriott Starwood merger news fails to lift prices. Starwood sinks 3.63% amid Europe exposure. Coca-Cola Enterprises heavily tied to Europe faces risk. Priceline and Owen-Illinois show declines amid European reliance.
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Apple chief executive rejects iPad MacBook hybrid plan
Tim Cook told the Irish Independent that Apple will not merge the MacBook and iPad into a single device. He said consumers do not want a converged laptop tablet, and Apple aims to make the best tablet and the best Mac separately. He compared to Microsoft Surface, saying the fusion would not improve either product.
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Tim Cook
Microsoft
Tech diversity advocate Hank Williams dies at 50
Supporters mourn the tech diversity advocate Hank Williams aged 50 who died Sunday. He urged firms to address industry diversity not only as ethics but as a business improvement, citing that diverse organizations make better decisions in his USA TODAY column.
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Hank Williams
Williams
USA Today
Marriott to buy Starwood creating world’s largest hotel group
Marriott International and Starwood Hotels and Resorts agreed to merge in a 12.2 billion deal that will form the world’s largest hotel company with about 5,500 hotels and 1.1 million rooms. The boards approved the merger, pending regulatory and shareholder consent, with closing aimed mid-2016.
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Arne Sorenson
Marriott International
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USA Today
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