Alphabet commits to data privacy in Toronto smart city master plan

Alphabet commits to data privacy in Toronto smart city master plan
TORONTO (Reuters) – A high-tech smart city project proposed along Toronto’s waterfront by Alphabet Inc unit Sidewalk Labs has pledged not to sell advertisers the personal data collected to serve residents and visitors, as part of a 1,500-page master plan released on Monday. FILE PHOTO: A “No Trespassing” sign is seen in the Port Lands, where Alphabet Inc, the owner... Read More

Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy

Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy
(Reuters) – U.S. casino operator Eldorado Resorts Inc has agreed to buy rival Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on larger companies such as Las Vegas Sands and Wynn Resorts. FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is... Read More

Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion

Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion
(Reuters) – Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts. FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is the centerpiece... Read More

Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate

Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate
(Reuters) – The success of Hudson’s Bay Co Executive Chairman Richard Baker’s $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, corporate governance experts and analysts said. FILE PHOTO – U.S. flags fly outside of Saks Fifth Avenue... Read More

Deutsche Bank faces FBI investigation for possible money-laundering lapses: source

Deutsche Bank faces FBI investigation for possible money-laundering lapses: source
FRANKFURT (Reuters) – The U.S. Federal Bureau of Investigation is examining whether Deutsche Bank complied with laws meant to stop money laundering, a person with knowledge of the matter said on Thursday. FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015. REUTERS/Kai Pfaffenbach/File Photo The inquiry, first reported in the New York Times, follows a... Read More

Less is more? Inditex cuts stores but boosts space in home market Spain

Less is more? Inditex cuts stores but boosts space in home market Spain
MADRID (Reuters) – The list of retail casualties shutting up shop seems to grow by the month but Inditex, the world’s largest clothing retailer, is still betting on its network of physical stores to drive growth. FILE PHOTO: The logo of a Zara store, an Inditex brand, is seen in central Madrid, Spain, December 13, 2017. REUTERS/Susana Vera/File Photo The... Read More

Wall Street nears record as mood on trade again turns optimistic

Wall Street nears record as mood on trade again turns optimistic
(Reuters) – Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 17, 2019. REUTERS/Brendan... Read More

Your money: Buying or refinancing? The mortgage rate frenzy is back

Your money: Buying or refinancing? The mortgage rate frenzy is back
NEW YORK (Reuters) – Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home – or refinance. FILE PHOTO: Homes are seen under construction in the northwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola “It’s amazing how many times a once-in-a-lifetime opportunity comes around,” said Keith Gumbinger, vice... Read More

Wall St. rises as mood on trade again turns optimistic, nears record high

Wall St. rises as mood on trade again turns optimistic, nears record high
(Reuters) – Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 17, 2019. REUTERS/Brendan... Read More

Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid

Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid
(Reuters) – Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson’s Bay Co private as “woefully inadequate” on Tuesday, saying the chairman-led shareholder group looking to push through a deal could double the offer. The shareholder group, which collectively owns 57% stake in the struggling retailer, made an offer last week to buy the company... Read More