China's HNA Group to buy 25 percent stake in Hilton
Chinese aviation and shipping conglomerate HNA Group said on Monday it agreed to buy an about 25 percent stake in Hilton Worldwide Holdings Inc from Blackstone Group LP for $6.5 billion.
WASHINGTON U.S. import prices fell for a second straight month in November as the cost of petroleum and food dropped, suggesting imported inflation pressures remained subdued.
Import prices fell 0.6 percent last month after a revised 0.6 percent drop in October, the Labor Department said on Thursday. Import prices had previously been reported to have declined 0.7 percent in October.
Economists polled by Reuters had expected import prices would fall 0.6 percent in November. In the 12 months through November, import prices fell 1.5 percent.
Import prices excluding petroleum nudged up 0.1 percent in November after rising by the same margin in October. Compared to November last year, they were down 1.2 percent.
The general lack of inflation pressures is a wild card in the Fed's decisions on its monetary stimulus.
The Labor Department report also showed export prices ticked up 0.1 percent in November after falling 0.6 percent in October.
(Reporting by Lucia Mutikani; Editing by Andrea Ricci)
T-Mobile US Inc reported a better-than-expected quarterly profit and raised its forecast for customer additions for full-year as heavy discounting helped attract subscribers.
TD Ameritrade Holding Corp said on Monday it and Toronto-Dominion Bank would buy privately held Scottrade Financial Services Inc [SCTRD.UL] in a deal valued at $4 billion, combining two of the biggest U.S. discount brokerages.