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Kroger Aims to Sell Convenience Stores

Kroger Co. said it may sell its convenience stores and cut other costs, as the nation's largest traditional grocer battles Amazon.com Inc. and other new competitors.
 The nearly 800 convenience stores, most of which sell gas, will likely fetch Kroger a higher return than profits delivered to the company currently, executives told investors at an annual meeting Wednesday at the New York Stock Exchange.

The Hollywood Roosevelt: The Original Oscars Hotel

Forget the Dolby Theatre; back in Hollywood’s Golden Age, the Academy Awards were held half a block away at the Hollywood Roosevelt hotel. Today, this city landmark, crowned with its gigantic neon red sign and framed by towering palm trees, still attracts legions of celebrities, many of whom checked in for this year’s awards, accounting for the extra 600 bottles of Piper Champagne ordered by the hotel in advance of the ceremony. While this year's event, hosted by Jimmy Kimmel, will see up to 100 million people tuning in worldwide, the first edition in 1929 wasn't even broadcast and the ceremony itself lasted just 15 minutes.

Intercontinental Hotels to pay first special dividend unaided by major disposal

InterContinental Hotels Group is to pay its first special dividend unaided by a major disposal as the company continues to prove to investors just how cash generative it can be.

The global hotelier, announcing full year results for the 12 months to December showing a 9.5pc increase in underlying profit, is to make a special payout of $400m (£322m) for 2016.