Intercontinental Hotels' board rejected a merger offer in May, Sky News reports.» Read More
*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.
*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.
District Judge Jane Boyle in Dallas found that the lawsuit, brought by consumers who claimed they paid inflated prices for their rooms, failed to adequately show that such a conspiracy existed.
U.K. companies posted their best results in two years during the fourth quarter, according to The Share Centre.
The firm, which declined to comment on future plans for cash returns, said refurbishments to hotels in Asia and the Middle East, Paris and New York would put capital expenditure at around $385 million in 2014, ahead of analyst forecasts, with the impact from hotel and room closures reducing operating profit by $9 million.
MUMBAI, Feb 12- Less than nine months after opening the first hotel in Mumbai under its brand, Hong Kong luxury chain operator Shangri-La Asia handed the keys back to the owner.
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
Feb 3- A credit card data breach has been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday.
Feb 3- A credit card data breach had been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday.
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.