Italy's UniCredit Withdraws Offer to Buy Banco BPM
UniCredit, Italy's second largest bank, offered to buy smaller peer BPM in November in an all-stock deal valued at 10.1 billion euros ($11.81 billion) at the time.
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Yahoo
14 minutes ago
- Yahoo
Marriott International Completes Acquisition of citizenM Brand
Transaction Expands Company's Global Lifestyle Offerings BETHESDA, Md., July 23, 2025 /PRNewswire/ -- Today, Marriott International (Nasdaq: MAR) has completed its acquisition of the innovative lifestyle brand citizenM. As Marriott focuses on further growing the company's select-service portfolio globally, this transaction provides even more lodging offerings for guests and Marriott Bonvoy members in exciting destinations around the world. The current citizenM global portfolio includes 37 open hotels, comprising 8,789 rooms, across more than 20 cities in the U.S., Europe, and Asia Pacific. citizenM's current pipeline of two hotels totaling over 300 rooms are also anticipated to be added to Marriott's portfolio. "As travelers continue to seek innovative lodging offerings that blend technology with genuine, people-first hospitality, the citizenM brand is the perfect addition to our portfolio," said Anthony Capuano, President and CEO of Marriott International. "Marriott has proven success in growing select-service lifestyle offerings, including our AC, Moxy, and Aloft brands, and we look forward to accelerating citizenM's global reach with our guests and Marriott Bonvoy members around the world." With the acquisition complete, Marriott will now begin the process of integrating the citizenM portfolio into its systems and platforms. Until citizenM properties are fully integrated, anticipated later this year, they will remain bookable on citizenM's digital channels. At this time, members of the award-winning citizenM subscription program will continue to enjoy benefits, with more details to come about how the program will work following integration. Additionally, once integration is complete, citizenM will become a fully participating brand within the Marriott Bonvoy loyalty program, unlocking even more value for members. The citizenM brand is known for its genuine service, tech-savvy in-hotel experience, highly efficient use of space, and focus on art and design. The brand, founded in 2008, caters to a growing demographic of value-conscious travelers looking for technology-driven accommodations with features like smart in-room design, indoor and outdoor common spaces featuring immersive artwork and local artifacts, comfortably appointed living rooms that serve as collaborative workspaces, creative meeting rooms, grab-and-go food and beverage options, and lively rooftop decks. Access the full gallery of high-resolution citizenM property images here. NOTE ON FORWARD-LOOKING STATEMENTSAll statements in this press release are made as of July 22, 2025. Marriott undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release contains "forward-looking statements" within the meaning of federal securities laws, including statements related to growth expectations and opportunities; the citizenM pipeline; the benefits of the transaction; customer trends and expectations; systems and platform integration; loyalty program integration, member benefits and the citizenM subscription program; and similar statements concerning possible future events or expectations that are not historical facts. Marriott cautions you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that the company may not be able to accurately predict or assess, including Marriott's ability to successfully integrate and grow the citizenM brand and the other risk factors that Marriott describes in its U.S. Securities and Exchange Commission filings, including the company's most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations Marriott expresses or implies in this press release. ABOUT MARRIOTT INTERNATIONAL, International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,500 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at and for the latest company news, visit In addition, connect with us on Facebook and @MarriottIntl on X and Instagram. Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at or Marriott's news center website at which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only. IRPR#1 View original content to download multimedia: SOURCE Marriott International, Inc.
Motor 1
16 minutes ago
- Motor 1
Another Automaker Shoots Down Apple CarPlay Ultra
Automakers are beginning to realize the value screens have to offer to their bottom lines. Digitizing the automotive experience, putting features behind paywalls, and nickel-and-diming customers to access amenities they could own outright just a few years ago make who controls the screen vital to securing those future profits. General Motors ditched Apple CarPlay for its proprietary system, and now automakers are pushing back on CarPlay Ultra , Apple's latest bid to control more of the in-car experience. BMW is one such brand. The German automaker confirmed with BMW Blog that it 'currently has no plans' to offer CarPlay Ultra in its vehicles. It's heavily invested in its own infotainment system called iDrive , which controls a range of vehicle functions due to its deep integration. Photo by: Aston Martin BMW joins Audi , Mercedes-Benz , Polestar , and Volvo among automakers that have no plans to offer the technology, despite Apple initially saying that they would. It's been three years since Apple first teased the upgraded version of CarPlay, initially listing several participating brands, but the industry continues to evolve. Some brands, including Porsche , Kia , Hyundai , and Genesis are still committed. Aston Martin was the first to launch Ultra in its vehicles. In a brief test, we thought it made the experience better . CarPlay Ultra takes over the entire in-car experience to bring an Apple-like feel to the gauges, in-car controls, and far more than just music and text messages. Photo by: Aston Martin It's unclear when another brand will launch Ultra for their vehicles, as it appears there's little incentive for most automakers to give up so much control. The battle for your attention and your money is coming to your car's screens, and automakers are starting to fight for it. But if customers like the technology and use their purchasing power to make their demands known, automakers might have no choice but to offer it. And if they don't, there are always workarounds. Why? Mercedes Gives Customers the One Thing They've Always Wanted: Microsoft Teams Mazda Explains Why It Removed the CX-5's Buttons Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Gallery: Aston Martin's Apple CarPlay Ultra 14 Source: Aston Martin Source: BMW Blog Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Bloomberg
17 minutes ago
- Bloomberg
Chevron Cut 575 Positions as $53 Billion Hess Takeover Closed
Chevron Corp. cut 575 jobs in the Houston area on the same day it completed the $53 billion takeover of Hess Corp. The reductions were handed down on July 18 and take effect Sept. 26, according to a filing with the Texas Workforce Commission on Wednesday. Chevron formally closed on its acquisition of Houston-based Hess at the end of last week.
