Even though many new TVs have ultra-HD 4K screens, American TV viewers haven’t been buying very much 4K content, which often sells at a higher price. But now that Apple is finally diving into 4K video — and selling it for the same price as HD — Amazon is slashing the cost of its 4K content. [More]
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Amazon To Start Selling Actual FireTV TVs, Make Alexa Do More Things
CES — the annual Consumer Electronics Show — is about to light up Las Vegas for the rest of the week. So ’tis the season for tech news to come rolling on in from far and wide. Today’s big announcements come courtesy of Amazon, which wants to put its Fire interface and AI assistant Alexa basically everywhere. [More]
The Bidding War Is Over: China’s Anbang Insurance Drops Pursuit Of Starwood Hotels
Just three weeks after crashing Marriott’s party and throwing billions of dollars in the ring to take over Starwood Hotels — the operator of brands like Sheraton, St. Regis, Westin, and W — China’s Anbang Insurance Group packed up its bids and decided to go home, leaving Marriott and its $13.25 billion to be crowned the merger winner. [More]
Bidding War Continues: China’s Anbang Insurance Offers $14B For Starwood Hotels
Just when you thought $13.6 billion was enough to put an end to the bidding war for Starwood Hotels — home to brands like Sheraton, St. Regis, Westin, and W — and crown Marriott the victor, the other suitor, China’s Anbang Insurance Group, comes back to sweeten the deal with an offer of $14 billion. [More]
Marriott Beefs Up Bid, Buys Starwood Hotels For $13.6 Billion
Momentum in the tug-of-war over Starwood Hotels — home to brands like Sheraton, St. Regis, Westin, and W — has shifted once again. Only days after China’s Anbang Insurance appeared destined to win with its “superior proposal,” Marriott managed to dig deep with the help of a few billion additional dollars.
Starwood Backs Away From Marriott Deal After New Buyer Offers $13.2B
Earlier this week, it looked like the $12 billion acquisition of Starwood Hotels — which includes brands like Sheraton, St. Regis, Westin, and W — by Marriott was in doubt after last-minute interest from China-based Anbang Insurance Group. Today, there is no doubt; that original deal is dead and Starwood is going with the higher offer from Anbang. [More]
Marriott’s Acquisition Of Starwood Hotels In Question After New $14B Takeover Bid
Five months after Starwood Hotels and Resorts – which operates brands like Sheraton, St. Regis, Westin, and W – announced it would sell itself for $12 billion to Marriott to make the world’s largest hotelier, the company revealed that it had received an unsolicited takeover bid of roughly $14 billion from a group of suitors. [More]
Marriott Switching To “Made In The USA” Towels, Bath Mats In All U.S. Hotels
Soon, every time you step out of the shower and onto a bath mat to towel off at a Marriott hotel in the U.S., all that fabric you touch will have been made in America. The hotel company says it’s the first in the hospitality industry to move to exclusively U.S.- made towels and bath mats in all its 3,000 U.S. locations. [More]
Starwood Hotels Reports Payment Systems At 54 Locations Infected With Malware
Just days after Starwood Hotels and Resorts made headlines for combining with Marriott to make the world’s largest hotelier, the company is back in the news for a decidedly less exciting issue: it’s the latest victim of a hack attack. [More]
Home Depot Continued To Sell 28 Products After Safety Recalls
When a product is recalled by the Consumer Product Safety Commission, it becomes illegal for a retailer to continue to sell that item. But Home Depot apparently wasn’t following that rule for the past three years, selling 28 different products after they were recalled. [More]
Marriott To Buy Starwood Hotels For $12.2B
Less than a month after Hyatt Hotels was reported to be in talks to buy rival Starwood Hotels and Resorts Worldwide, it was a different lodging industry giant that popped the $12.2 billion question. [More]
Hyatt In Talks To Buy Rival Starwood Hotels Brand
A merger craze seems to be taking hold this month: first there was the mega beer merger between Anheuser-Busch InBev and SABMiller, then news this morning that pharmacy giants Walgreens Boots Alliance and Rite Aid were headed down the aisle. Now, it looks as if the need to grow by expanding one’s portfolio has trickled into the lodging industry. [More]
N.Y. Bill Seeks To Outlaw Smoking In Hotel Rooms
Although it’s illegal to smoke in most indoor spaces in New York — office buildings, bars, restaurants, retail establishments, etc. — those looking to light up a cigarette can still do so in hotel and motel rooms that are specified as smoking rooms. That could change soon, if a new bill in the state legislature succeeds. [More]
15 Product Trademarks That Have Become Victims Of Genericization
Sometimes, we hurt the ones we love. Which is why even if we didn’t mean to be so harsh, many products we use every day have become the victims of trademark genericization, meaning they’ve morphed from a single product identified under a name to an entire product category. And when courts get involved it becomes “genericide,” which sounds even more murderous. Can’t you just imagine Law & Order: Genericized Trademarks? [dun dun] [More]
Southwest’s International Flights Start Taking Off Today To Caribbean Destinations
Until now, Southwest Airlines has had its wings spread exclusively over American soil. But starting today, the carrier will start flying outside of the country, adding flights to the Caribbean first and other international destinations later this summer and into the fall. [More]
McDonald’s Franchise Operator To Pay 500K In Wage Theft Settlement With New York
In an agreement with the New York state Attorney General’s office, the owner of several McDonald’s locations in Manhattan will pay $500,000 to settle allegations that his company shortchanged 1,600 current and former employees at the fast food chain. [More]
Today In Major Credit Card Breaches: Hotels, Hotel Restaurants
Major credit card hacks: they’re not just for big box retailers or upscale department stores anymore. The newest place your credit card info is being stolen from? Hotels. [More]