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Blackstone agrees to acquire LaSalle Hotel in $4.8bn deal

Bloomberg Three days after agreeing to sell off the last of its Hilton stake, Blackstone is buying another hotel company. Blackstone Group LP has agreed to acquire luxury hotel owner LaSalle Hotel Properties, according to people with knowledge of the matter. The all-cash transaction values LaSalle at $33.50 a share, or $4.8 billion including debt, said the people, who asked ...

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Google likely to face $4.3bn claim in UK IPhone privacy case

Bloomberg IPhone users suing Google over data-collection claims may be seeking as much as 3.2 billion pounds ($4.29 billion), the search giant said in a court filing. The group representing iPhone users, known as Google You Owe Us, now includes 4.4 million people, according to documents filed with the court at a hearing on Monday. The group says the Alphabet ...

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Italian assets slump again

Bloomberg Italian assets were pummeled again on mounting concern over the populist coalition’s fiscal plans, with the moves rippling across European debt markets. Bond yields climbed to the highest levels in almost three years, while the premium to cover a default in the nation’s debt was the stiffest since October. The local benchmark stock index dropped for a second day, ...

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