December 12, 2023

Markets Now 12/12

Comfort Inn’s owner doubles down on its hostile takeover bid for the company that owns Days Inn

Choice Hotels, which owns a number of budget lodging brands, including Comfort Inn, is getting more aggressive in its attempt to acquire its rival Wyndham Hotels.  
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Analysis: Mark Zuckerberg had a surprisingly good 2023

It’s been a “year of efficiency” for Meta (formerly known as Facebook), and a very good one at that.  
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Harvard’s board: We unanimously stand in support of President Gay

Embattled Harvard President Claudine Gay has gained the unanimous support of the university’s board, Harvard’s highest governing body said in a statement Tuesday, giving Gay significant cover to remain in her position after a tumultuous week in which many donors and politicians have called for her ouster.  
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How Macy’s became a takeover target

Macy’s has struggled for years against rising competition and shoppers migrating away from department stores. Now, a group of investors reportedly wants to take Macy’s private at a vulnerable moment for the famed company.  
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Zara pulls controversial ad campaign that critics said evoked Gaza war

Zara has pulled an advertising campaign that provoked a backlash on social media from people decrying what they said was a resemblance to scenes of death and destruction in Gaza.  
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How Harvard President Claudine Gay made history

Harvard University President Claudine Gay has drawn national attention over her contentious comments on Capitol Hill a week ago about antisemitism on campus. Many donors, politicians and business leaders demanded her resignation, but Harvard’s board, faculty and alumni have come to her defense.  
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Source: CNN Business

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