Watch CBS News

Davos

davos-0123-pagliuca-485613-640x360.jpg

Veteran dealmaker Stephen Pagliuca says what we're seeing on Wall Street is a natural correction of markets to reflect part of the jitters about global growth

Veteran dealmaker Stephen Pagliuca says what we're seeing on Wall Street is a natural correction of markets to reflect part of the jitters about global growth. Pagliuca, a partner and managing director at Bain Capital for 28 years, was in China a month ago. He said he still sees the hustle and bustle there and the service businesses are growing

mw-0122-davos-sorenson-marriott-485340-640x360.jpg

He said Marriott's business in Paris plunged 25 percent in December after the attacks there, but predicted a recovery by March

Arne Sorenson, chief executive of the hotel chain Marriott International, told CBS News at Davos, Switzerland, how the company addresses terror threats around the world following recent attacks at tourist attractions and resorts. He said Marriott's business in Paris plunged 25 percent in December after the attacks there, but predicted a recovery by March.

Show More
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.