Page 10 - Patrick Pacious News Today

Wall Street was slipping after a report Tuesday morning raised worries that the Federal Reserve may feel pressure to keep interest rates high.

Wall Street is drifting following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking. The S&P 500 was 0.2% higher Tuesday

Choice Hotels has announced a bid to acquire rival Wyndham Hotels & Resorts for $7.8 billion. But its far from a done deal.

Choice is confident it can sell its offer to Wyndham shareholders without the opinion of Wyndham executives.

Wyndham says its board is unanimously rejecting Choice Hotels' unsolicited buyout offer worth nearly $8 billion.

Wyndham Hotels & Resorts has rejected a hostile acquisition offer from Rockville, Maryland-based Choice Hotels, hours after Choice made details of its offer public.

Wyndham Hotels & Resorts is rejecting an unsolicited US $8 billion buyout offer from Choice Hotels, a smaller chain that sent a letter to Wyndham shareholders Tuesday after negotiations broke down.

Wall Street drifted following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking. The S&P 500 closed just barely lower Tuesday

Wyndham says its board is unanimously rejecting Choice Hotels' unsolicited buyout offer worth nearly $8 billion.

Wyndham says its board is unanimously rejecting Choice Hotels' unsolicited buyout offer worth nearly $8 billion.