Choice Hotels is launching a hostile takeover bid for Wyndham Hotels & Resorts after repeated attempts to reach an agreement with the rival hotel chain were rebuffed. Choice Hotels said Tuesday that its exchange offer to shareholders of Wyndham, which operates Days Inn, La Quinta, Ramada and a host of other brands, is consistent with … [Read more…]
Bing Guan/Bloomberg/Getty Images The Macy’s flagship store in the Herald Square district of New York. Shares of the stock rose sharply after a $5.8 billion bid for the company was reported. New York CNN – Shares of Macy’s jumped more than 20% in premarket trading on Monday after The Wall Street Journal reported that a … [Read more…]
Federal Reserve Chairman Jerome Powell answers a question during a news conference at the Federal Reserve in Washington, U.S., November 1, 2023. Portal/Kevin Lamarque/File Photo Acquire LICENSE RIGHTS A look at the day ahead in European and global markets from Ankur Banerjee With a blockbuster November in the rearview mirror, investors are bracing for a … [Read more…]