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Three major US corporations are preparing to complete deals to do business

Three major US corporations are preparing to complete deals to do business

Old Mar 11, 16, 2:53 pm
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Three major US corporations are preparing to complete deals to do business

http://www.wsj.com/articles/at-t-sta...als-1457729013

WASHINGTON—Three major U.S. corporations are preparing to complete deals to do business in Cuba as an approving President Barack Obama gets ready for a historic presidential trip to the island later this month.

With just over a week until Mr. Obama’s March 20 visit, at least three companies— AT&T Inc., Starwood Hotels and Resorts Worldwide, Inc. and Marriott International —are expected to announce agreements with Cuban government-run entities, according to company and U.S. officials.

They will be among the high-profile first deals notched since Mr. Obama said in December 2014 that the U.S. would move to restore ties with Cuba after more than 50 years of Cold War enmity. Since then, the Obama administration has loosened travel and trade restrictions for a variety of industries, betting that closer business ties between the U.S. and Cuba will cement the administration’s policy of normalization.

President Obama will be the first sitting president since Calvin Coolidge in 1928 to visit Cuba.
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