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Marriott Acquisition Created The Largest Global Hotel Chain (NASDAQ:MAR)

Marriott Acquisition Created The Largest Global Hotel Chain (NASDAQ:MAR)

If Marriott International’s recently announced $12.2 billion bid for Starwood Hotels and Resorts Worldwide is approved, the merger would create the largest hotel chain in the world. Marriott announced that it would acquire Starwood for $11.9 billion in stock and $340 million in cash. Starwood’s brands include Westin, W and […]

Lumber Liquidators Holdings Inc Home-Testing Method Under EPA Scrutiny

Lumber Liquidators Holdings Inc Home-Testing Method Under EPA Scrutiny

The US Environmental Protection Agency (EPA) is scrutinizing the home-testing method offered by Lumber Liquidators Holdings Inc. (NYSE:LL) to reassure its customers that the flooring products are safe. In response to the accusations that its laminate flooring products sourced from China released excessive amount of carcinogen and formaldehyde, Lumber Liquidators […]

Amazon’s 15,000-Strong Robot Army Ready for Shoppers

Amazon’s 15,000-Strong Robot Army Ready for Shoppers

Amazon RobotsAs reported by Amazon, over 15,000 specially designed wheeled robots will begin working warehouse floors and assist in getting toys, books, and other products to employees. In addition to these robots being a huge assistance for yesterday’s Cyber Monday shopping, they will continue to benefit throughout the holiday quarter. […]

JPMorgan Upgrades AT&T Inc. Stock To Overweight Citing Strong DIRECTV Synergies

JPMorgan Upgrades AT&T Inc. Stock To Overweight Citing Strong DIRECTV Synergies

JPMorgan upgrades AT&T Inc. (NYSE:T) stock from Neutral to Overweight, in a research note published on Thursday. The sell-side research firm also revised up price target on the stock from $35 to $40, citing strong synergies from the recent DIRECTV (NASDAQ:DTV) deal, which is expected to be accomplished on June […]

Tribune Bid to Acquire California Papers on Hold

Tribune Bid to Acquire California Papers on Hold

A federal judge granted a temporary restraining order that blocked the purchase by Tribune Publishing of newspapers the Press Enterprise of Riverside and the Orange County Register. This move late on Friday from Andre Birotte Jr. a U.S. District Judge, comes one day after the Department of Justice in the […]

Comcast Responds To Critics Of Proposed Merger With Time Warner Cable With Filing (CMCSA)

Comcast Responds To Critics Of Proposed Merger With Time Warner Cable With Filing (CMCSA)

comcastThe proposed merger between Comcast and Time Warner Cable has resulted in a number of critics making public statements opposing the merger. Comcast submitted around 1,000 pages of documents to the Federal Communications Commission detailing how the complaints of many of the critics of the merger were being made out […]

A.I.G. Faced Calls To Split Up (NYSE: AIG)

A.I.G. Faced Calls To Split Up (NYSE: AIG)

In an open letter to American International Group, billionaire investor Carl C. Icahn called on the company to break itself up into several smaller insurers. Icahn is one of Wall Street’s most prominent activist investors and he reportedly owns a large stake in the company. The activist investor believes that […]

Amazon Enlists Top Creative Minds For New Shows (AMZN)

Amazon Enlists Top Creative Minds For New Shows (AMZN)

Amazon has enlisted a number of studio executives and talent to create original content for its Amazon Prime video streaming service. Judith McGrath, the former chief executive of MTV Networks, is on board. Also working on Amazon products is Jill Soloway, an Emmy-nominated director and writer working on the new […]