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[1/2] The company logo for Choice Hotels is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 27 (Reuters) - Choice Hotels International (CHH.N) is preparing to nominate directors to the board of rival Wyndham Hotels & Resorts (WH.N), seeking to break a stalemate in an $8 billion takeover battle, people familiar with the matter said. This gives Choice the right to nominate directors to Wyndham's board come January. It is also preparing to launch a tender offer for Wyndham's shares that would show Wyndham's investors that there is a firm offer on the table, according to the sources. Rockville, Maryland-based Choice operates nearly 7,500 hotels in 46 countries, including brands such as Radisson, Country Inn & Suites, and Cambria Hotels.

Persons: Brendan McDermid, Wyndham, Parsippany, Pat Pacious, Stephen Holmes, Anirban Sen, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, Wyndham Hotels & Resorts, Ramada, Wyndham, Cambria Hotels, Choice, Thomson Locations: New York, U.S, United States, Parsippany , New Jersey, Rockville , Maryland, Radisson, Cambria

Choice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off on a buyout worth nearly $8 billion after Wyndham broke off negotiations, the company said Tuesday. Choice's proposal allows Wyndham shareholders to choose either cash, stock, or a combination of cash and stock. Choice first approached Wyndham in April, offering $80.00 per share, with 40% of that cash and 60% Choice stock, but was rejected, Choice said. But, according to Choice, Wyndham voiced concerns about regulatory approval in September and also the value of Choice stock. Shares of Wyndham Hotels & Resorts Inc. jumped more than 15% before the opening bell Tuesday, to $82.40.

Persons: Wyndham, “, Patrick Pacious, ”, Howard Johnson Organizations: Wyndham Hotels, Resorts, Wyndham, Choice, Ramada, Resorts Inc, Inc Locations: Rockville , Maryland, Wyndham, La Quinta, Parsippany , New Jersey

A statue of Christopher Columbus is vandalized with the word ‘murderer.’ (Nik Wheeler/Corbis via Getty Images)When did Indigenous Peoples Day come about? Indigenous Peoples Day is an opportunity to reconcile tensions between these two perspectives. Yes, the shift from Columbus Day to Indigenous Peoples Day has met resistance from communities across the country. In 2021, parents in Parsippany, New Jersey, protested the local school board’s decision to celebrate Indigenous Peoples Day in place of Columbus Day. Now the holidays are just referred to as “days off.”What resources do you recommend for Indigenous Peoples Day?

Persons: “, Columbus, Susan C, Christopher Columbus, Nik Wheeler, Corbis, –, Christopher Columbus ”, James Loewen, Roxanne Dunbar, Ortiz, Faircloth Organizations: Columbus, Indigenous Peoples, Colorado State University, Getty, Indigenous, South Dakota –, District of Columbia, Day, Columbus Day, Young, School of Education Locations: Columbus, United States, Americas, Coharie, North Carolina, South Dakota, U.S, Alabama, Alaska, Hawaii , Idaho , Iowa, Louisiana, Maine , Michigan, Minnesota, New Mexico, North Carolina , Oklahoma , Oregon, South Dakota , Vermont, Virginia, Wisconsin, Parsippany , New Jersey, ”

☆ New York fines Avis Budget for denying car rentals to people who lack credit cards
▼ + stars: | 2023-08-15 | by ( Jonathan Stempel | ) www.reuters.com time to read: +1 min

[1/2] Budget rental car signage is seen at John F. Kennedy International Airport in Queens, New York City, U.S., March 30, 2022. REUTERS/Andrew Kelly/file photo Acquire Licensing RightsCompanies Avis Budget Group Inc FollowNEW YORK, Aug 15 (Reuters) - New York state on Tuesday fined Avis Budget Group (CAR.O) $275,000 for refusing to rent vehicles to customers who did not have credit cards. Letitia James, the state's attorney general, said the civil fine resolved charges that the operator of Avis Car Rental, Budget Rent a Car and Payless Car Rental violated a state law against requiring credit cards for vehicle rentals. A probe begun late last year following a customer complaint found that 74 out of 106 Avis and Budget locations across New York insisted on credit cards, while 32 accepted debit cards. An outside public relations firm for Avis Budget did not immediately respond to requests for comment.

Persons: John F, Andrew Kelly, Letitia James, James, Jonathan Stempel, Mark Potter Organizations: Kennedy International Airport, REUTERS, Avis Budget, Tuesday, Avis Budget Group, Rental, Avis, Thomson Locations: Queens , New York City, U.S, New York, , New Jersey

☆ 21-year-old flies 600 miles a week to avoid paying $3,500-a-month New York rent—here's how much she saves
▼ + stars: | 2023-06-15 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Since early June, Celentano has commuted by plane once a week to her summer internship at Ogilvy Health in Parsippany, New Jersey, from her parent's house in Charleston, South Carolina. Celentano didn't want to join the legions of summer interns fighting for affordable housing in and around New York City. And her job only requires her to be in the office — about a 45-minute drive from downtown Manhattan — once, sometimes twice, per week. For Celentano, commuting four-plus hours by plane weekly was a much easier pill to swallow than paying New York rent for three months on an intern's salary. "I didn't think twice about it," Celentano, a rising senior at the University of Virginia, tells CNBC Make It.

Persons: Sophia Celentano's, she'll, Celentano, — Organizations: Charleston International Airport, Ogilvy Health, University of Virginia, CNBC, Companies Locations: Parsippany , New Jersey, Charleston , South Carolina, New York City, Manhattan, New York, Charleston

☆ Summer intern’s commute goes viral: She flies from South Carolina to New Jersey because it’s cheaper than renting
▼ + stars: | 2023-06-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —College interns typically find cheap places to live for the summer. South Carolina resident Sophia Celentano commutes to her New Jersey summer internship by plane, weekly, revealing on her TikTok account that it’s actually cheaper than renting near her advertising gig’s New Jersey office. Her employer, Oglivy Health, requires interns to be in its New Jersey office usually one day a week. She said that costs her about $100 every week, plus another $100 on Uber rides to and from the airport and another $25 on food. Celentano claims to be saving be saving at least $2,000 this summer by doing this rather than living, working and playing in New Jersey or New York.

Persons: Sophia Celentano, old’s, ”, Douglas Elliman, Miller Samuel, Oglivy, Celentano, “, She’s, it’s Organizations: New, New York CNN —, University of Virginia, Oglivy, Jersey City Locations: New York, South Carolina, New Jersey, Jersey, Charleston, Newark, Manhattan, Parsippany , New Jersey, Brooklyn, Queens

May 26 (Reuters) - The U.S. Department of Justice is investigating a California unit of oil refiner PBF Energy Inc over a November emissions release, the company said. "We are cooperating with all relevant agencies, including with respect to any ongoing investigations related to the incident," said a PBF Energy spokesperson on Friday, declining further comment on pending legal matters. The Department of Justice, which oversees the FBI, did not reply to a Reuters request for comment. The Contra Costa District Attorney is pursuing legal action against the refinery for failing to notify the county when the release happened, county health officials have said. The oil refiner "thoroughly investigated the incident to identify appropriate corrective actions and we are committed to implementing them," the PBF Energy spokesperson added.

☆ Rise in Distressed Sales Signals New Chapter for Beleaguered Office Market
▼ + stars: | 2023-05-16 | by ( Peter Grant | ) www.wsj.com time to read: 1 min

Global investment manager Hines paid $60 million for a new office tower in Washington, D.C., less than half of what it cost to develop. Photo: HinesProperty owners are starting to unload troubled office buildings at fire-sale prices, a sign that the office market slump is moving into a new phase where more landlords are ready to capitulate. In recent weeks, Blackstone sold the Griffin Towers office complex in Santa Ana for $82 million, or about 36% less than the firm paid in 2014, say people familiar with the matter. Principal Financial Group sold a Parsippany, N.J., office building for $14.3 million, down from the $52 million it paid in 2008, according to participants in the sale.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

However, Congress in its last session in December didn’t reach an agreement, and finance chiefs say they hope the topic will be revisited. “That’s a 20 percentage point increase in tax for Yelp, so obviously very meaningful for us,” Mr. Schwarzbach said. The higher costs due to the law change will factor into investment decisions going forward, Mr. Schwarzbach said. The tax change has an impact on the company’s net income, Mr. Schwarzbach said. The San Francisco-based company reported R&D expenses of $75.8 million for the quarter ended Sept. 30, compared with $69.4 million a year earlier.

☆ With Debt Coming Due, Investment-Grade Companies Are Paying Up, Too
▼ + stars: | 2022-12-01 | by ( Nina Trentmann | ) www.wsj.com time to read: +7 min

What’s more, volatile markets have resulted in fewer opportunities for companies to sell their debt. Investment-grade U.S. companies have between $550 billion and $750 billion coming due per year from 2023 through 2027, according to Goldman Sachs Group Inc., with about $59 billion left to pay off or refinance in 2022. Of the $615.54 billion, $504.31 billion were new issuances, compared to $111.23 billion in refinancings, Dealogic said. But investor demand for bonds has been stronger in recent days, leading Amazon.com Inc. and others with near-term debt coming due to the market. Among the businesses that recently took out bond debt at a higher cost is retail giant Walmart Inc.

☆ IBM salaries revealed: Engineers can earn nearly $200K. See how much analysts, managers, and others at the tech giant make.
▼ + stars: | 2022-10-27 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +15 min

IBM is among the oldest and largest computer companies in the world and has more than 350,000 employees. These offers must be equal to what US employees earn making them a great guide to employee salaries at the company. When Insider analyzed IBM salary data in 2021, the highest offer was to an engineering program director, earning $335,000. A technical team lead, for instance, earned $57,500 in Monroe, LA, and as much as $114,500 in Parsippany, NJ. Insider has also compiled a database of salaries across other big tech companies like Google, Apple, Tesla, Amazon, and more.

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☆ Wall Street pros are watching this index to get an early sign that inflation is slowing
▼ + stars: | 2022-09-23 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

For signs that inflation may be easing, Wall Street pros have an unlikely source — the price of used cars. The Manheim Used Car Price Index fell to 205.9 in September from 210.8 in August. In 2020 and 2021, as the pandemic raged and inflation began to climb, used car prices increased by 20% each year. To bring the index back to its pre-pandemic trend of a 2% annual price increase, it would have to drop more than 25%. "I believe that the Fed will increase interest rates until the index drops to 163, from 205 today," he said.

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