European benchmarks closed higher, although gains were capped by weakness seen in the Italian and Spanish markets.» Read More
BOSTON, Aug 4- Activist hedge fund Marcato Capital Management said on Monday that it has hired Houlihan Lokey as a financial advisor as it seeks to persuade InterContinental Hotels Group to consider selling itself.
Some of Thursday's midday movers:
*Gold slumps to 3-1/ 2 month low. NEW YORK, May 27- World stock markets edged up while the euro softened against the dollar and yen on Tuesday following strong U.S. economic data and on expectations of more rate cuts from the European Central Bank. Platinum also fell after South Africa's mining minister pledged to mediate in a long-running strike.
European shares closed slightly higher on Tuesday, as the U.K.'s FTSE Index rose after being closed for a public holiday.
*Wall St up, S&P 500 hits record as utility stocks lead. NEW YORK, May 27- World share markets climbed closer to record levels on Tuesday on expectations the European Central Bank will extend its easy monetary policy, while gold slipped to a one-month low following upbeat U.S. economic data.
Some of the names on the move ahead of the open.
*European shares open steady, FTSE plays catch up after Monday gains. Britain's FTSE 100 opened up 0.3 percent as it played catch-up after a holiday. Asian trading had been timid too, but another solid session for Japan's Nikkei and shares in China, nudged MSCI's 45- country all-world index up to 420 points leaving it just below its 2007 record high of 428.63 points.
EDINBURGH, May 27- European shares edged higher on Tuesday, supported by hopes for more mergers and acquisitions activity that helped UK shares outperform mainland Europe.
LONDON, May 25- The world's largest hotelier, Intercontinental Hotels Group, has rejected a 6 billion pound takeover offer from a U.S. bidder, Sky News reported, citing unidentified sources. A spokeswoman for IHG, which runs 4,700 hotels with brands such as Crowne Plaza, Holiday Inn and Intercontinental, declined to comment on the report.
Europe's AC Hotels are coming to the United States in hopes of luring the millennial business traveler.
The recession finally appears to be in the rear-view mirror for American travelers, many of whom will even indulge in upgrades, according to new industry reports.
European markets closed lower in trade on Friday, despite a better-than-expected U.S. jobs number.
BERLIN, March 6- Europe's hotel sector is finding its financing options are the best in years as investors seek better returns in a low interest rate environment and economies emerge from bruising recessions, fanning optimism for the rest of the year.
As lending options returned last year, hotel companies have ramped up construction, including Best Western, which is aiming for a more upscale market.
U.K. companies posted their best results in two years during the fourth quarter, according to The Share Centre.
Customers at 14 hotels in eight states will get free credit monitoring for a year after a data breach.
Fourteen hotels in eight states are awaiting the results of an investigation into a nine-month security breach of customer information
The luxury level hotels have been slow to offer free Internet connections, but Loews is giving up the fees in hopes of luring more guests.
Richard Solomons, CEO of InterContinental Hotels Group (IHS), discusses his strategy, after the company sold most of the buildings it owned.
Kirk Kinsell, president of IHG Americas, tells CNBC's Simon Hobbs Even Hotels are a total wellness offer; they give the opportunity to maintain dietary needs as well as get a great night's sleep.