New York (CNN Business)Extended Stay America, a bright spot for the beleaguered hotel industry, has been taken private in a $6 billion deal. Blackstone and Starwood Capital announced Monday that the two companies will equally split the all-cash transaction and take 26-year-old company private. Extended Stay America has about 650 hotels across the United States, focusing on travelers that need […]
Read more
Slideshow ( 2 images )SEOUL (Reuters) – Volkswagen plans to gradually switch the type of battery used in its electric vehicles, three sources with knowledge of the matter said on Monday, leaving its supply deals with LG Energy Solution and SK Innovation in doubt. The automaker’s plan comes at a time when two major South Korea battery makers that manufacture […]
Read more
(Reuters) – A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: a brightly-lit bitcoin ATM, where customers can buy or sell digital currency, and sometimes extract hard cash.FILE PHOTO: A LibertyX Bitcoin ATM is seen at the Grassy Point Bar & Grill in Broad Channel, […]
Read more
(Reuters) – With a $1.9 trillion COVID relief package finally passed, U.S. President Joe Biden’s next big spending push is already on the horizon – repairing the nation’s ailing bridges, roads and airports and investing billions in new projects like broadband internet.FILE PHOTO: U.S. President Joe Biden holds a meeting on infrastructure with members of Congress in the Oval Office […]
Read more
London's FTSE is seen opening 35 points higher at 6,792, Germany's DAX up 44 points at 14,545, France's CAC 40 up 15 points at 6,057 and Italy's FTSE MIB 30 points higher at 24,126, according to IG. LONDON — European stocks are expected to open higher Monday as global investors focus on this week's upcoming Federal Reserve meeting. London's FTSE is […]
Read more
TOKYO (Reuters) – Bitcoin consolidated around $60,000 on Monday, taking a breather from the weekend’s record high as investors prepared for inflation worries and U.S. stimulus spending to propel it even higher.FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken Dec. 8, 2017. REUTERS/Benoit Tessier/Illustration/File PhotoThe world’s most popular cryptocurrency slipped as low […]
Read more(Reuters) – New Zealand’s Tilt Renewables Ltd said on Monday it would be acquired by a consortium including its second-largest shareholder and Australia’s AGL Energy Ltd for NZ$2.94 billion ($2.10 billion), sending its shares to an all-time high. The deal was the first major piece of M&A activity in New Zealand this year, which comes amid a push from companies […]
Read more
FILE PHOTO: Vials labelled “AstraZeneca COVID-19 Coronavirus Vaccine” and a syringe are seen in front of a displayed AstraZeneca logo in this illustration taken March 10, 2021. REUTERS/Dado Ruvic/Illustration/File Photo(Reuters) – AstraZeneca Plc on Sunday said it had conducted a review of people vaccinated with its COVID-19 vaccine which has shown no evidence of an increased risk of blood clots. […]
Read more
Slideshow ( 5 images )LONDON (Reuters) – London’s police force must explain its actions against people gathered at a vigil to mark the killing of a 33-year-old woman, home office minister Victoria Atkins said on Sunday, after an outcry over images of mourners being dragged away by officers. Reuters witnesses saw police drag several women away from a gathering on […]
Read more