Marriott and Starwood to merge in 12.2 billion deal
Marriott International to acquire Starwood in a stock and cash deal valued at 12.2 billion dollars. The merger will create the world’s largest hotel company with about 5,500 properties and over 1.1 million rooms, expanding brand reach to 30 brands and boosting loyalty programs. The deal aims to close mid 2016 and could spark further consolidation in the industry.
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Marriott International
Starwood
Marriott
Bjorn Hanson
Tisch Center For Hospitality, Tourism and Sports Management
New York University
Sheraton
Westin
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Hilton
Adam Aron
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American Express
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Arne Sorenson
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China
India
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Urban Outfitters buys Vetri restaurant group in Philadelphia
Urban Outfitters Inc. agreed to acquire the Vetri Family including Osteria Amis Alla Spina Lo Spiedo and Pizzeria Vetri. Vetri will remain president with Jeff Benjamin as COO and the Vetri Foundation for Children will continue. The deal excludes Vetri itself and aims to integrate the concept with URBN's lifestyle centers.
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Philadelphia
Marc Vetri
Jeff Benjamin
Vetri
Urban Outfitters Inc
Osteria
Amis
Alla Spina
Lo Spiedo
Pizzeria Vetri
Vetri Foundation
Urban
Benjamin
URBN
Free People
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Brad Spence
Buffett trims Berkshire holdings to fund Precision Castparts deal
Berkshire Hathaway sold 13 percent of its Goldman Sachs stake and 7 percent of its Walmart stake in the third quarter to raise cash for its 32 billion bid for Precision Castparts Corp. Buffett cited the cash need, while noting he still likes both companies.
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Neb
Warren Buffett
Goldman Sachs
Wal-Mart
Berkshire Hathaway Inc
U.S
Securities and Exchange Commission
Buffett
CNBC
Berkshire
Wal-Mart Stores Inc
Goldman Sachs Group Inc
Precision Castparts Corp
Goldman
Wal- Mart
Taco Bell to switch to cage free eggs by 2016
Taco Bell announced plans to serve only cage free eggs in over 6,000 U S restaurants by end of 2016 in response to consumer demand and pressure from animal welfare groups The move places Taco Bell alongside McDonald s as major chains shift away from caged eggs CEO Brian Niccol said the pace shows the brand listens to customers and acts.
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Taco Bell
U.S
McDonald's
McDonald’s
Canada
Brian Niccol
The
Humane Society of the
United States
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