Bloomberg Accor SA plans to buy back as much as 1.35 billion euros ($1.65 billion) of shares over the next two years after the hotel operator agreed to sell a majority stake in its property business. Saudi Arabia’s Public Investment Fund, Singapore’s GIC Pte sovereign-wealth fund, Credit Agricole Assurances, Amundi SA, Colony NorthStar Inc. and other investors joined forces to ...

Bloomberg Sigfox’s co-founder is eyeing a listing in 2019 and pondering a pre-IPO round later this year, after reassuring investors about the future of the French startup. With money from backers including Salesforce.com Inc. and Samsung Electronics Co., Sigfox has expanded its network for connected objects, added sizable customers and is on track to become profitable in the fourth quarter, ...

Bloomberg Puerto Rico faces a “dangerous financial dilemma” because of the US Treasury Department’s delay in providing billions of dollars of disaster relief needed to help it recover from the wreckage caused by Hurricane Maria, the island’s governor said in a letter to Senate and House leaders. Treasury’s “misguided delay and policy decisions contrary to Congressional intent” for the community ...