Breakingviews

That’s how much more per share a new cash bid from China’s Anbang is worth over an agreed deal with Marriott. The $14 bln offer is 6 pct sweeter but also comes with financing and regulatory uncertainties. Given the heavy interest from rival hoteliers, Starwood can afford the risk.

Despite lifted sanctions and a more moderate government, Tehran lacks the investment to deliver a boost to supply. Next month’s unofficial OPEC meeting may produce an output freeze. With Russia also less liable to increase its flows, pressure on prices looks more up than down.

Though banks doled out $540 billion of new loans in January and February, companies are saving cash by delaying paying bills. Surveys show the credit drought is worst for small businesses. Extra liquidity is not reaching the parts of the economy that create the most jobs.

The $2.5 bln streaming-music service abruptly replaced its boss with co-founder Tim Westergren. It’s a worrying sign with Pandora reportedly up for sale amid stiffer competition from Spotify and others. Companies that call on entrepreneurs later in life also have a mixed record.

“Full Circle” is an introspective and seemingly cathartic memoir by the ex-CFO of the collapsed investment bank. The sexism Callan says she was subjected to in her final months on Wall Street, however, provides the best evidence yet that poor management is what doomed Lehman.

That’s the tension at the center of “Dry Powder,” an off-Broadway play about private equity. Like most dramatizations of high finance, it engages in caricature. But the show also offers genuine insight into the emerging risks Wall Street faces from rising income inequality.

The activist hit the nuclear option of trying to replace all the internet company’s directors. Starboard’s right that performance under CEO Marissa Mayer has been poor. But failure to secure control of the board could hobble its attempt to force a sale of Yahoo’s core business.

The former BP chief swings by Times Square to discuss his new book on how companies can radically engage with the wider world and become more inclusive to the benefit of owners. He also talks about the potential for M&A in the energy business, the oil market and Brexit.

Next’s same-store revenue is falling and inventory is taking a week longer to clear than a year ago. Yet it plans to grow its selling space by 8 pct. Other retailers too are expanding even when shrinking looks smarter. The maths of such strategies can quickly turn unattractive.

The U.S. fast-food giant may sell up to 20 pct of its Chinese unit to private investors before spinning it off. On current trends the stake could fetch $2.4 bln, Breakingviews calculations suggest. To do better, Yum’s more ambitious targets will have to survive China’s slowdown.