Marriott, Starwood Hotels stockholders approve deal
(Reuters) – Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc said on Friday the stockholders of the companies voted to approve Marriott’s acquisition of Starwood to create the world’s largest hotel company.
Twitter appoints Hugh Johnston and Martha Lane Fox to its board
(Reuters) – Twitter Inc named PepsiCo Inc Chief Financial Officer Hugh Johnston and Martha Lane Fox, co-founder of travel website lastminute.com, to its board on Friday in its latest management shakeup.
U.S. government appeals court decision in MetLife ‘too big to fail’ case
WASHINGTON (Reuters) – The U.S. government on Friday appealed a court decision that major insurer MetLife cannot be considered “too big to fail” in the United States Court of Appeals for the District of Columbia, according to a filing.
FCC proposes reforming business data services market
WASHINGTON (Reuters) – The chairman of the U.S. Federal Communications Commission on Friday proposed reforming the estimated $25 billion a year market for high-capacity data and voice connections, known as special access lines, to businesses.
BMW launches car-sharing in Seattle in U.S. push
FRANKFURT (Reuters) – Germany’s BMW launched on Friday a car-sharing service in Seattle, where it will offer customers the use of 370 BMW and Mini vehicles, before expanding to other cities in the United States.
Starboard urges Depomed board to pursue a potential sale
(Reuters) – Activist investor Starboard Value LP, which has an economic stake of 9.8 percent in Depomed Inc , in a letter criticized the drugmaker’s board over corporate governance deficiencies and other matters and urged it to explore a potential sale…
Europe’s banks under scrutiny as regulators look into Panama Papers
BERN/GENEVA (Reuters) – Banking watchdogs across Europe have begun checking whether lenders have ties to a massive document leak from Panama that showed how offshore companies are used to stash clients’ wealth.
HK tycoon David Li resists activist investor Elliott’s attack on BEA
HONG KONG (Reuters) – Bank of East Asia (BEA) shareholders approved all resolutions put at its annual meeting on Friday, rejecting calls by U.S. activist investor Elliott Management Corp to defy the board, although one resolution was not put to the vot…
U.S. wholesale inventories fall sharply, point to weaker growth
WASHINGTON, April 8 (Reuters) – – U.S. wholesale inventories fell at their fastest pace in nearly three years in February,
Unicredit CEO confirms Fortress contacted Popolare Vicenza
CERNOBBIO, Italy (Reuters) – The head of Italian bank UniCredit on Friday confirmed talks took place between Fortress Investment Group and Banca Popolare di Vicenza , following reports that the U.S. firm had offered to invest in the cooperative lender….
