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Rob Cox: Flurry of ski M&A aims to control weather

September 30, 2014

CEOs and corporate financiers revel in the power of the deal. One company, Vail Resorts, is taking the idea to extremes. By acquiring clusters of snowy U.S. retreats in different climates and selling “Epic” season passes, it is trying to smooth bumps caused by Mother Nature.

Club Med auction returns to work refreshed

September 12, 2014

Legal action delayed a low-ball MBO by China’s Fosun last year. A counterbid by financier Andrea Bonomi has now forced Fosun to hike its offer to $1.1 bln. Shareholders in the French holiday group have been vindicated for refusing to throw in the towel.

Ticket to ride up London’s Shard looks toppy

January 25, 2013

Western Europe’s tallest building will soon offer a near-$40 view. That’s lofty compared to famous vistas in New York, Paris and elsewhere. Adjusted for height, the cost looks even steeper. Blame may lie with the same footloose global capital that has flooded into London property.

Chinese sightseers present challenge to the world

October 3, 2012

Half the country’s 1.4 billion inhabitants are expected to travel during this week’s national holiday. A new love for tourism provides a much-needed economic boost. But giant traffic jams and a deadly boat crash in Hong Kong underscore the difficulty of coping with the crowds.

The recovery starts in Times Square

October 14, 2009

The I.M.F. has called for a stronger-than-expected rebound in global growth next year, with Asia, not the U.S. expected to fuel the growth. And with the dollar hitting its lowest levels in more than a year again Wednesday, the allure of heading to the U.S. for cheap goods promises only to get stronger.