Business Highlights
Real estate investment trust Mid-America Apartment Communities will spend the equivalent of $3.9 billion in an all-stock deal to acquire its rival, Post Properties, bringing together two giants in the rental property market during an era of booming demand.
BERLIN (AP) — Pharmaceutical supplier Lonza of Switzerland says it is buying InterHealth Nutraceuticals, Inc., a California-based company that makes ingredients for use in dietary supplements, in a deal worth up to $300 million.
Lonza says InterHealth has a range of over 15 branded ingredients and the acquisition will complement its own sports nutrition, weight-loss and pet health offerings among others.
NEW YORK (AP) — An undisclosed number of people who used credit cards at 20 Hyatt, Sheraton, Marriott, Westin and other hotels in 10 states and the District of Columbia may have had their cards compromised as a result of hack of the hotels' payment system.
HEI Hotels & Resorts, which operates just under 60 hotels and resorts under a variety of brands, said that after being notified by its credit card processor of a potential breach, it conducted an internal investigation that found malware on its payment processing systems at the 20 properties.
TOKYO (AP) — Japan's economy barely grew in the April-June quarter, as weaker exports and business investment weighed on the faltering recovery.
Growth for the world's third-largest economy was flat on a quarterly basis, adding to pressure on the Bank of Japan to take further action to stimulate slack corporate spending.
The increase is being introduced gradually and will apply to all retirees by 2029.
[...] there have been periodic calls for people in Europe's biggest economy to work even longer.
BISMARCK, N.D. (AP) — Developers of a $3.8 billion, four-state oil pipeline sued in federal court Monday to stop protesters near an American Indian reservation in North Dakota from interfering with the project, all