Early Global News: Marriott Buys Starwood, Mastercard Growth In China, Tesla Autopilot Reportedly Illegal?

The following brief was curated by Early Global News. 

• Housing FHA meets minimum reserve requirement for first time since 2009. [WSJ]
• Import/export L.A. area port traffic declined last month. [Calculated Risk]
• Marriott International Inc MAR buys Starwood Hotels & Resorts Worldwide Inc HOT to form the world's largest hotel company, valuing Starwood at $79.88 including its Vistana transaction. [Press release]
• The worldwide PELS market is expected to continue to shrink, affecting Western Digital Corp WDC, Seagate Technology PLC STX and other chip makers. [Digitimes]
• Mastercard MA executive says he sees double-digit Chinese e-commerce growth. [Reuters]
• Body camera, taser chatter picking up after police shooting in Minneapolis. [AP]
• Tesla Motors Inc TSLA autopilot reported to be illegal in Hong Kong. [Clean Technica]
• Apple Inc. AAPL CEO Tim Cook says company won't "converge" MacBook with iPad produce line. [Apple Insider]