Starwood Hotels & Resorts Inc (HOT.N), the operator of Sheraton and Westin hotels, said on Friday it planned to accept a raised buyout offer from a group led by China's Anbang Insurance and scrap its deal with Marriott International Inc (MAR.O).

Starwood signed a deal on Saturday to renovate and run three Cuban hotels, returning U.S. chains to the island more than 50 years after American hotels were taken over by Fidel Castro's socialist revolution. All Cuban hotels are state-owned so the deal puts…

Starwood Hotels and Resorts Worldwide Inc (HOT.N) on Monday agreed to a higher $13.6 billion offer from Marriott International Inc (MAR.O), a proposal that trumped a bid by China's Anbang Insurance Group Co.

Chinese stocks outperformed their counterparts around the world Monday after authorities loosened controls on brokerages lending money to investors for share buying. Trading elsewhere was muted ahead of the looming long Eastern weekend in many countries.…

The fight for Starwood Hotels swung back in favor of China's Anbang after the insurance company offered $15 billion in a counterpunch to Marriott International. Starwood Hotels & Resorts Worldwide Inc., which has a tony stable of hotels including the St.…

After a dramatic last few weeks in which Marriott International nearly lost out on its quest to acquire Starwood Hotels & Resorts to Chinese insurer An