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French hotel giant Accor said Tuesday it had sold its US budget hotel division to the Blackstone investment fund for $1.9 billion and would use the funds to tap into growth in Asia. The sale of 1,102 hotels with 107,347 rooms in the United States and ...
May 22, 2012 at 06:20 | Source: YAHOO!
Jerry Brown moved to shut down redevelopment agencies in the state, saying that the money often went to needless projects like downtown bars and would be better used to finance schools, particularly with the state facing a budget crisis.
May 27, 2012 at 21:16 | Source: New York Times
WASHINGTON: The Federal Reserve sees a quick, sharp tightening of US spending as a "sizeable risk" to the economy, minutes from a recent top-level policy meeting revealed on Wednesday. Several members of the Fed's interest rate-setting panel ...
May 16, 2012 at 21:22 | Source: Channel NewsAsia
Two Republican senators who have fought to keep open the Warren G. Murray Developmental Center say a Democratic budget approved Wednesday night in the Illinois Senate provides another year of funding for the center but doesn't really do anything ...
May 25, 2012 at 05:55 | Source: News-Democrat
Oman booked a budget surplus of OMR768m (US$2bn) in the first two months of 2012 as robust oil prices boosted revenue, finance ministry data showed on Sunday. The surplus is equivalent to about 2.7 percent of the sultanate's 2011 nominal gross ...
May 13, 2012 at 10:27 | Source: ArabianBusiness.com
Accor is to sell its troubled US budget hotel business for $1.9 billion to private equity group Blackstone, writes Reuters. The sale includes Accor’s Motel 6 and Studio 6 chains and comprises 1,102 hotels in Canada and the US. Reuters ...
May 22, 2012 at 10:31 | Source: Private Equity Hub
AMMAN (Reuters) - Jordan has raised the price of gasoline and electricity for major mining firms, hotels and banks, to ease its worsening budget deficit that could reach $4 billion this year, officials said on Saturday. The move, announced by ...
May 26, 2012 at 23:05 | Source: Reuters
The US must start planning for some $500bn (£318bn) of further cuts to its defence budget over the next ten years, the country's Congress has said. The cuts could be forced due to a failure by US politicians to agree a deficit reduction plan, and would be ...
May 28, 2012 at 14:20 | Source: Defence Management
WASHINGTON, May 18: US lawmakers passed a sweeping defence spending bill on Friday, defying the White House by exceeding a budget cap and refusing to make cuts outlined in President Barack Obama’s revamped military strategy. By a vote of 299 ...
May 19, 2012 at 03:25 | Source: DAWN Group
A day after the House Budget Committee voted 21-9 to approve a budget plan proposed by Rep. Paul Ryan, the United States Conference of Catholic Bishops (USCCB) renewed its criticism of the plan and urged members of the House of Representatives to “put a ...
May 9, 2012 at 09:49 | Source: Catholic Culture