Choice Hotels goes Hostile in Wyndham Takeover Battle

Dec 12 Reuters Budget hotel operator Choice Hotels International on Tuesday launched a hostile bid for peer Wyndham Hotels Resorts and prepared for a board battle to bring the target to the negotiating table. Choice went public with its cashandstock offer for Wyndham in October, then valued at about 8 billion, in an attempt to combine two of the […]
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Hasbro to Lay off 900 more Employees amid Weak Toy Sales

Reuters Hasbro said on Monday it would cut another 900 jobs globally, nearly a year after the toymaker announced it would reduce 15 of its workforce amid weaker sales. Hasbro had said in January it would cut about 1,000 fulltime positions. On Monday, the company said it had already cut 800 jobs. At the end of 2022, Hasbro […]
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USD Pares Losses on Data Shows some Inflation Remains Sticky

NEW YORK, Dec 12 Reuters The dollar pared losses against the euro and yen on Tuesday after data showed that some underlying measures of inflation remained relatively elevated in November even as price gains came in broadly as expected. Headline inflation edged up 0.1 last month after being unchanged in October. In the 12 months through November, […]
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China Makes Plans to Boost Domestic and Foreign Trade

BEIJING, Reuters China39;s State Council on Monday released a slew of measures designed to help domestic and foreign firms trade, as policymakers strive to shore up economic growth and boost demand. Beijing will increase financial support for domestic and foreign trade enterprises, such as supporting more qualified payment institutions and banks to provide foreign exchange settlement […]
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