Hyatt Hotels Corp (H.N) said it will sell as franchises 38 select service hotels to a company organized by Lone Star Funds for about $590 million.
United States
Dollar's rally bad news for oil, multinationals
The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies.
Yahoo options volume hits record on Alibaba's market debut
Alibaba Group Holding Ltd's record public offering of shares on Friday further spurred already elevated activity in Yahoo Inc's options, pushing volume on the U.S. Internet company to a one-day record high.
Other automakers to challenge Tesla in over-the-air software upgrades
Electric carmaker Tesla Motors Inc on Friday announced it is rolling out a software upgrade over-the-air to its current Model S owners, a unique ability that other automakers are expected to offer within a few years.
Wall St. flat as Oracle takes air out of Alibaba debut
U.S. stocks closed little changed on Friday after Alibaba's strong debut was offset by falling technology shares as Oracle and Yahoo stumbled, but the Dow managed to edge higher to set a record for a second straight session.
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Cerner Corp and Athenahealth Inc, two leading U.S. electronic health record providers, said on Thursday they are working with Apple Inc to develop applications that leverage Apple's mobile health service HealthKit.
German business software maker SAP (SAPG.DE) said on Thursday it has agreed to acquire U.S.-based expense management software maker Concur Technologies Inc (CNQR.O) in an all-stock deal valued at $7.3 billion that expands its presence in internet-based software or so-called cloud computing.
JetBlue Airways (JBLU.O) on Thursday named Robin Hayes, its current president and a former British Airways executive, to succeed Dave Barger as chief executive, sending the airline's shares up in after-market trading.
No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.
Home Depot Inc (HD.N) Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year's unprecedented breach at Target Corp (TGT.N).
Larry Ellison, co-founder and leader of Oracle Corp (ORCL.N) for almost four decades, stepped aside as chief executive on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, but stressed that nothing at the business software company will change.
U.S. stocks rose on Thursday, a day after the U.S. Federal Reserve kept intact its pledge to keep interest rates low, providing a backstop for investors that helped lift both the Dow and S&P to record highs.
Apple Inc (AAPL.O) is set to launch two new iPads and release the next version of its Mac operating system at its next event on Oct. 21, a Daily Dot report said, citing sources familiar with the matter.
Apple Inc said a bug in its HealthKit health and fitness application platform prevented its release along with the launch of its iOS 8 operating system for iPhones and iPads.
