In October, an investment group that included Blackstone Group (BX), Paulson & Co., and Centerbridge Partners purchased Extended Stay, a bankrupt U.S. hotel owner, for more than $3.9 billion, less than half what previous owner Lightstone Group paid for it at the peak of the real estate boom in 2007. While it is the biggest […]
Massachusetts entrepreneurs and investors are used to second-banana status. So it may come as a surprise that two reports released last week put the Bay State firmly at the top of the technology pyramid. For the fifth time in a row. The Ewing Marion Kauffman Foundation, a prominent institution for entrepreneurial research, has ranked Massachusetts […]
By Jennifer Waters A DOW JONES COLUMN From a promotion point of view, this could turn out to be the longest holiday-shopping season on the books, giving consumers a host of deals from which to choose right up until Christmas. Though retailers’ shelves are better stocked now than they were last year, it is […]
Consumer and government spending gave a larger-than-expected boost to the economy during the third quarter, with the gross domestic product increasing at the fastest rate in almost four years, according to the Commerce Department. The U.S. GDP — a measure of all goods and services — improved at a revised annualized rate of 2.5 percent, […]
Economist: Retail sales are poised to drive recovery – Related Stories – ICSC SmartBrief. Can’t wait for the housing market.
