Sunoco to Buy NuStar Energy in $7.3 Billion Deal

Fuel distributor Sunoco has agreed to buy liquids terminal and pipeline operator NuStar Energy in a stock-swap transaction valued at about $7.3 billion, including assumed debt. 


 
WeWork Wrestles to Amend Leases as Landlords Seek Clarity on Restructuring Plan

The co-working company has achieved at least $3.7 billion in savings through rejecting and amending leases, but talks for further concessions are dragging on 


 
Marriott and Hilton added thousands of hotel rooms in 2023 amid travel rebound

Both Marriott and Hilton said that they see the increase in room and travel demand continuing through 2024. 


 
FAA Calls for Door-Plug Checks on Another Boeing Jet

The Federal Aviation Administration is recommending that airlines check a second type of Boeing jet that uses the same kind of door plug as the one that blew out of an Alaska Airlines flight earlier this month. 


 
Charles Schwab Just Survived a Year From Hell. The Trouble Isn't Over Yet.

Executives said financial results should improve in the year ahead. Many employees, still stung by layoffs, remain uneasy. 


 
Office Landlords Use Cash Gifts, Loans to Inflate Building Values

SL Green says that skepticism about the value of its 245 Park Ave. sale is misplaced. 


 
Obesity Drugs Lead to Muscle Loss-Pharma Companies Want to Fix That

Companies are investigating ways to prevent people from losing muscle when on popular weight-loss drugs like Novo Nordisk's Wegovy and Eli Lilly's Zepbound. 


 
Palantir's Momentum Hurt by Slowing Growth in Government Deals

Individual investors had bolstered the company's share price in their enthusiasm for its new AI data platform. 


 
How One Debt-Laden Company Could Create a Storm for Private Jets

VistaJet grew to become the world's second-largest private-jet operator, but at the expense of big debts. Its uncertain future now poses a risk to the market. 


 
Sony Group Calls Off Merger Between India Unit and Zee Entertainment

Sony Group has called off the merger of its Indian unit with Mumbai-based media company Zee Entertainment Enterprises, ending a yearslong effort to create a multibillion-dollar media powerhouse in the South Asian nation.


(END) Dow Jones Newswires

01-22-24 1115ET