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Sultan of Brunei bids for Sahara's New York and London luxury hotels - WSJ.com |
Monday, August 18, 2014 2:56 AM | |
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The Sultan of Brunei has made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel, the Wall Street Journal's website edition reported on Saturday, citing people familiar with the situation. An investment firm affiliated with Brunei has offered to pay $2 billion for the three hotels, which are currently owned by the Sahara conglomerate, WSJ.com said. Sahara's chairman Subrata Roy has been negotiating a sale of the company's luxury hotels from a makeshift office in prison, having been held for more than five months after failing to appear at a contempt hearing in a long-running dispute over his group's failure to repay billions of dollars to investors who were sold outlawed bonds. The Sultan, along with his luxury hotel operator, the Dorchester Collection, has been criticised for harsh new laws in Brunei.
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Curfew re-imposed in Missouri city where black teen shot by police |
Monday, August 18, 2014 2:53 AM | |
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By Ellen Wulfhorst FERGUSON Mo. (Reuters) - Authorities on Sunday imposed a midnight curfew for the second night a row in the tense St. Louis suburb where an unarmed black teen was shot to death last week by police, seeking to secure an elusive peace as protesters continued to gather. Police blocked off at least one street to vehicle traffic before the sun had even set. The move came as scores of protesters began gathering along West Florissant Avenue in Ferguson, the site of ongoing protests as well as violence and looting since 18-year-old Michael Brown was shot to death on Aug. 9. ...
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Police fire smoke canisters at Missouri protesters and media |
Monday, August 18, 2014 2:46 AM | |
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Police fired smoke canisters into a crowd of about 400 demonstrators, including families with children, in Ferguson, Missouri, Sunday night, where they were protesting against the killing last week of an unarmed black teenager by police. Police drove into the protest area in armored vehicles and shot smoke canisters at watching media representatives during a protest that had until then appeared to be peaceful.
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China finds Mercedes-Benz guilty of price manipulation - Xinhua |
Monday, August 18, 2014 2:31 AM | |
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Daimler AG's luxury brand division Mercedes-Benz has been found guilty of manipulating prices of after-sales services, China's official Xinhua news agency reported on Sunday, citing authorities in Jiangsu province. The Jiangsu Province Price Bureau, which launched its investigation last month, found evidence of anti-competitive practices after raiding Mercedes-Benz dealerships in the province as well as an office in Shanghai, Xinhua said. On Aug. 5, Mercedes-Benz said it was assisting the authorities in their investigation.
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