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Citi, JPMorgan target market-share gains in equities.

HOT Starwood Hotels and Resorts

hot starwood

Starwood Hotels & Resorts Worldwide, Inc.® (HOT) in partnership with Morris Moinian, Founder of Fortuna Realty Group (FRG), today announced plans to develop an Aloft hotel in New York City. Scheduled to break ground later this month, Aloft New York Midtown will open in October 2017 in the heart of New York City’s Garment District, just two blocks from Bryant Park and down the street from Starwood’s new brand innovation studio, Starlab. The new Aloft will feature 180 spacious loft-style rooms, a tech-forward mindset, innovative brand programming and easy access to the city’s top attractions.

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RAI: Reynolds American Inc.

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3 Best Tobacco Stocks to Add to Your Portfolio Right Now

NEW YORK (TheStreet) — The tobacco industry is undergoing a transformation. Cigarette sales, the bulk of revenues, are decreasing by volume, while smokeless tobacco and e-cigarette volumes are increasing.
Tobacco companies are still increasing revenues on cigarette sales, even as volume decreases (for every 10% increase in price, cigarette sales volume only decreases 3%-to-5%), but how long can that last?

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BX: The Blackstone Group L.P

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Blackstone Said to Get $17 Billion in Seven Months for Buyout Fund

Blackstone Group LP, the biggest alternative-asset manager, raised $17 billion in seven months for its latest buyout fund, two people with knowledge of the process said.
The New York-based firm has completed the initial round of fundraising for Blackstone Capital Partners VII and will continue to gather commitments, said the people, who requested anonymity because the details are typically kept private until funds stop accepting money. Blackstone targeted $16 billion for the pool and set a maximum at $17.5 billion, President Tony James said last month.

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KSS Kohls Corp.

kss kohls

In the similarly competitive department store category, Kohl’s de emphasizes the less convenient malls that usually house department stores in favor of the strip centers it often anchors. Also, Kohl’s offers more national brands than do comparably priced stores and private–label goods of national brand quality.

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