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Hilton Intends REIT Spinoff

With the year-end omnibus bill pending in Congress set to ban certain real estate investment trust spinoffs, Hilton revealed its plans to form a REIT to the IRS, according to the Wall Street Journal. By going to the IRS for ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

Starwood Hotels & Resorts has named a new CEO, effective Dec. 31, following the resignation of interim CEO Adam Aron, who is leaving the company to become chief executive officer and president of AMC Entertainment Holdings. He has held the ...

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Federal Reserve Votes to Raise Interest Rates

For the first time in nearly ten years, the Federal Reserve has raised interest rates. Bloomberg reports that the Federal Open Market Committee unanimously voted to set the new target range for the federal funds rate at .25 percent to ...

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U.S. Federal Reserve Set to Raise Rates

At 2 p.m. today, the U.S. Federal Reserve is set to raise rates for the first time since 2006. Markets are prepared for a 25 basis point liftoff, says Reuters. Fed officials have given indication that they will act cautiously ...

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Congress Settles on $1.1 Trillion Spending Package

Late last night, congressional leaders announced a deal on a $1.1 trillion, year-end tax and spending package that averts a government shutdown and funds the government through October 2016. The package reverses a 40-year ban on exporting oil while extending ...

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