Bloomberg Starwood Hotels & Resorts Worldwide Inc. received a higher $14 billion takeover offer from a group led by China’s Anbang Insurance Group Co., raising the stakes for Marriott International Inc. to counter a second time to salvage a merger that would create the world’s biggest hotel operator. The takeover battle pits a 12-year-old Chinese firm with aggressive ambitions to …

SINGAPORE / Reuters Indonesia is about to roll out its first passenger plane, one of several smaller, homegrown aircraft being studied in Asia, designed especially for short hops across the region’s emerging markets, where air travel is booming. State-owned aerospace firm PT Dirgantara Indonesia’s 19-seat N219, which cost $400 million and took just over five years to make, is scheduled …

Bloomberg Shin Kyuk Ho, the 93-year-old founder of Korean-Japanese retail giant Lotte Group, has lost his board seat at the family-controlled conglomerate’s lodgings and duty-free sales unit Hotel Lotte Co. amid a leadership struggle between two of his sons. Shin’s term expired on March 28, Lotte Group said in a statement. He had been a board member since 1973, when …