09:59 AM EDT, 10/18/2024 (MT Newswires) -- Marriott International ( MAR ) said Friday it has signed an agreement with Shum Yip Holdings to launch The Luxury Collection and AC Hotels by Marriott ( MAR ) in Shenzhen, China. Financial terms weren't disclosed. The new hotel chains are expected to open in November 2028, the company added. Marriott ( MAR...

09:52 AM EDT, 10/18/2024 (MT Newswires) -- (Updates with price movement in headline and fourth paragraph as well as details throughout.) Activist investor Jana Partners has amassed a roughly 5% stake in french-fry maker Lamb Weston Holdings ( LW ) and plans to urge the company to explore a sale, The Wall Street Journal reported Friday, citing people familiar with...

Oct 18 (Reuters) - U.S. regional bank Regions Financial ( RF ) reported a fall in its third-quarter profit on Friday, as its interest income took a hit due to higher deposit costs and tepid loan demand. To keep customers from shifting to competitors or higher-yield options like money market funds, banks have increased deposit rates. Meanwhile, the industry also...

09:50 AM EDT, 10/18/2024 (MT Newswires) -- Pinnacle West Capital's ( PNW ) Arizona Public Service unit said Friday that it been awarded $70 million in US Department of Energy grants to enhance grid resilience and wildfire prevention under the Grid Resilience and Innovation Partnerships program. The funding includes $50 million to expand APS's wildfire mitigation efforts, Arizona Public Service...