Industry
KBW Suggested to Break Citigroup to Increase Shareholders' Value
The analyst at Keefe, Bruyette & Woods believed the breakup would increase shareholders value by 57%. However, Citigroup has asked its shareholders to vote against the too-big-to-fail proposal.
US existing home sales decline by 7.1% in February
Sales of existing homes declined in February, reflecting poor demand in housing sector amid higher prices and weak inventory.
Valeant Pharmaceuticals Announced to Sack Two Executives
In the continuing saga on Valeant, CFO Howard Schiller has been asked to resign. The company will also find the replacement of CEO Michael Pearson, and putting Bill Ackman in its board.
Marriott Reached Merger Deal of $13.6 Billion With Starwood, Forming The World’s Largest Hotel Company
Marriott and Starwood are agreeing on a new deal that would total in $13.6 billion for a merger of the two groups. The merger would form the world’s largest hotel operator with 30 brands and more than 5,500 hotels worldwide.