Business briefs: Cigarette smuggling

Sales of smuggled and counterfeited cigarettes sold on the black market last year accounted for 10.7 percent of total global tobacco sales, and their sale costs governmentsmore than $40 billion each year in unpaid taxes, according to findings released in Bangkok by experts at an inter-

national conference being held there this week.

HILTON HOTELS

Hilton Hotels Corporation (HLT) has entered into a definitive merger agreement with The Blackstone Group’s (BX) real estate and corporate private equity funds in an all-cash transaction valued at approximately $26 billion. Under the terms of the agreement, Blackstone will acquire all the outstanding common stock of Hilton for $47.50 per share.

Cal State adopts new approach to woo back students

Colleges offering priority registration, support

By Ashley A. Smith EdSource
Debunking San Francisco’s pandemic exodus myth

How COVID-19 has changed where Californians live

By Soumya Karlamangla
Composting sequesters carbon and reduces emissions. Is it enough to fight climate change?

San Francisco celebrating 25th year of food scraps collection program

By Jessica Wolfrom