Shares of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. climbed in U.S. trading after China’s richest man Wang Jianlin said he has hired two investment banks to buy hotel management companies.
Aston Martin is aiming to double sales by 2016 with new models and an expansion of its dealer network outside Europe. The British maker of sports cars featured in James Bond movies may then invest in a sport-utility vehicle to broaden its appeal to wealthy drivers.
Wang Jianlin, owner of China’s biggest commercial land developer, is the nation’s wealthiest person, based on regulatory filings that show his non-real estate businesses are more valuable than previously calculated.
MGM Holdings Inc., the studio that makes James Bond movies, said second-quarter profit from continuing operations soared on home-entertainment sales of the film hit “The Hobbit: An Unexpected Journey.”
Aston Martin’s controlling shareholder, Investment Dar Co., has approached potential buyers for the maker of luxury sports cars featured in James Bond movies, said five people with knowledge of the matter.
It’s mid-October, and Jeffrey Gundlach is giving a stump speech to a luncheon crowd of about 200 financial advisers and investors at Los Angeles’s City Club. The renowned money manager’s theme: the financial catastrophe on the horizon.
Investment Dar Co. will reduce borrowings after creditors holding 30 percent of its debt signed up to a new loan deal backed by assets including luxury carmaker Aston Martin, according to two people familiar with the matter.