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New York’s Plaza Hotel to go on sale next month: Bloomberg

(Reuters) – New York's Plaza Hotel is set to go on sale in an auction next month, Bloomberg reported on Wednesday. David and Simon Reuben hold the mortgage on the five-star hotel and scheduled a foreclosure auction for April 26, Bloomberg said, citing a source. For sale are the Plaza's hotel rooms, its restaurants and retail space.

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New York’s Plaza Hotel to go on sale next month: Bloomberg

JPMorgan, Citi shareholders to vote on potential breakup plans

Citigroup included the question in a proxy statement it filed on Wednesday for its annual meeting next month, and the shareholder sponsoring that proposal said he has a similar one slated for the upcoming ballot for JPMorgan's annual meeting. The shareholder, Bart Naylor, said he hopes the proposals get more votes…

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JPMorgan, Citi shareholders to vote on potential breakup plans

Fed holds steady, eyes two rate hikes this year

The Federal Reserve held interest rates steady on Wednesday and indicated that moderate U.S. economic growth and “strong job gains” would allow it to tighten policy this year, with fresh projections showing policymakers expected two quarter-point hikes by the year's end, half the number seen in December. Inflation picked up in recent months,” the Fed said in a …

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Fed holds steady, eyes two rate hikes this year

Apple fight could escalate with demand for ‘source code’

By Joseph Menn SAN FRANCISCO (Reuters) – The latest filing in the legal war between the planet’s most powerful government and its most valuable company gave one indication of how the high-stakes confrontation could escalate even further. In what observers of the case called a carefully calibrated threat, the U.S. Justice Department last week suggested that…

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Apple fight could escalate with demand for ‘source code’

Wal-Mart Japan to focus on remodeling stores, no plans to exit market

Wal-Mart Stores expects its Japan business to focus on remodeling existing stores rather than opening new ones this year, citing fierce competition and consumer reluctance to spend freely amid uncertain economic times. Despite bold monetary and fiscal stimulus, Japan's consumer spending has been hit by a 2014 hike in the national sales …

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Wal-Mart Japan to focus on remodeling stores, no plans to exit market

Toshiba to unveil business plan on Friday

Japan's Toshiba Corp announced it will unveil on Friday its business strategy for the next fiscal year, which, analysts say, will include plans to boost its finances after a $1.3 …

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Toshiba to unveil business plan on Friday

Bill Gross is cleared to pursue $200 million Pimco lawsuit

California Superior Court Judge Martha Gooding ruled late Sunday that Gross' breach-of-contract lawsuit was strong enough to proceed. Gross abruptly left Pimco in September 2014 following negative reports about his management style and weak returns at Pimco Total Return , which he had built

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Bill Gross is cleared to pursue $200 million Pimco lawsuit

China’s Anbang challenges Marriott with $13 billion Starwood offer

The non-binding bid, unveiled on Monday, just days after Anbang agreed to acquire Strategic Hotels & Resorts Inc from buyout firm Blackstone Group LP for $6.5 billion, would represent by far the biggest Chinese investment in U.S. real estate assets. The head of China's insurance regulator, Xiang Junbo, wrote in January in a magazine published by the country's central bank that Chinese insurers should venture overseas for investments. Anbang's $2 billion acquisition…

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China’s Anbang challenges Marriott with $13 billion Starwood offer

Sichuan Hanlong Group insider trader jailed in Australia

SYDNEY (AP) — An Australian court has sentenced a Chinese former executive to more than eight years in prison for insider trading in 2011 when his privately-owned energy conglomerate Sichuan Hanlong

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Sichuan Hanlong Group insider trader jailed in Australia

Go-playing software beats human champ for 3rd straight time

SEOUL, South Korea (AP) — Google's Go-playing software defeated a human champion for the third straight time Saturday to clinch the best-of-five series and establish its superiority in an ancient Chinese game long thought to be the realm of humans.

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Go-playing software beats human champ for 3rd straight time

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