Blackstone Group LP is in the spotlight as it prepares a record stock offering for the Hilton hotels chain. Its success building one of the nation’s biggest warehouse landlords has garnered far less attention.
Emaar Properties PJSC said the “current environment” makes it a good time for the Dubai property developer to consider spinning off its retail business into a separate company to increase investor returns.
Fritz Salo Glaser was due to be among the last Jews deported out of Dresden on Feb. 16, 1945. Three days before, Allied fire bombs reduced the city to rubble and saved Glaser from Theresienstadt concentration camp.
European banks, under pressure from regulators to bolster capital, are selling some of their fastest-growing businesses to competitors from outside the region -- at the expense of future profit and economic growth.