1.
Drones over U.S. may pose security risks
BEVERLY HILLS, Calif., April 22 (UPI) -- Hilton Hotel Corp. said Wednesday it was served with a subpoena concerning corporate espionage from the U.S. Southern New York Attorney's Office.
A week ago, the company said a corporate espionage suit filed by Starwood Hotels & Resorts Worldwide Inc., was without merit. On Wednesday, Hilton reversed direction and said it had suspended development of the Denizens Hotel brand pending an internal investigation.
Starwood Hotels filed suit April 16 alleging Ross Klein, its former Luxury Brands Group president, and Amar Lalvani, former senior vice president, helped develop the Denizen Hotels brand. In addition, Klein and Lalvani, "aided and abetted by Hilton, stole massive amounts of proprietary and highly confidential Starwood information," the suit says.
In a statement, Hilton said, "development of the Denizen Hotels brand has been temporarily suspended." In addition, Klein and Lalvani and members of their development team have been placed on paid administrative leave, the company said.
|
|
|
| Additional Business News Stories | |
BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
|
ARLINGTON, Va., Feb. 10 (UPI) --
The United States and Israel have flight tested the Arrow Weapon System to evaluate and verify the missile system's Block 4configuration.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
|
| Stories | Photos | People | Comments |
View Caption
