Travel-related IPOs were all the rage at one time not long ago, as a new generation of hotel operators and air and train ticket sellers cashed in on a new appetite for tourism from China's emerging middle class. But the group has gone largely silent lately in terms of new listings, hobbled by the plunge in their business during the...

(Reuters) - Blackstone Real Estate on Wednesday entered into an agreement to take Retail Opportunity Investments Corp ( ROIC ) private in an all-cash transaction valued at about $4 billion, including debt. Reuters reported on Sunday that the alternative asset manager was in advanced talks for the acquisition of the company, which owns strip malls across the United States. Owners...

01:17 PM EST, 11/06/2024 (MT Newswires) -- Cannabis stocks were slumping Wednesday after proposals to legalize recreational marijuana use in Florida, North Dakota and South Dakota failed to get enough votes, according to multiple media outlets. In Florida, a proposed amendment that would have allowed recreational marijuana use for people aged at least 21 will not be added to the...

Nov 6 (Reuters) - Electric utility Pinnacle West Capital ( PNW ) , which operates in Arizona through its unit Arizona Public Service, said on Wednesday the state remains attractive to big industrial customers and data centers that are looking to purchase power. The surge in AI has made data center operators hungry for more power, pushing the U.S. power...