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Starwood Hotels Receives Revised Merger Offer From Anbang After Marriott Bidding War
Monday, March 28, 2016 - 10:23am | 284Read More...Shares of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) were trading higher by more than 2 percent after Monday's market open, as the company updated its investors over an ongoing bidding war. On March 26, Starwood received a non-binding proposal from a consortium of investors, including...
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La Quinta Announces Keith Cline Will Serve As President And CEO
Friday, February 19, 2016 - 2:45pm | 318Read More...Shares of La Quinta Holdings Inc (NYSE: LQ) were trading higher by more than 1.4 percent on Friday after the company announced it will drop the "interim" titles to its CEO and CFO. Effective immediately, Keith Cline will serve as president and CEO and Jim Forson will serve as executive vice...
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Starwood Hotels Reports Better-Than-Expected Q4 Earnings, Drop In Net Income
Thursday, February 18, 2016 - 10:30am | 304Read More...Shares of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) were trading lower by more than 1 percent after the company reported its fourth quarter results. Starwood Hotels said it earned $0.89 per share in the fourth quarter on revenue of $1.433 billion. Wall Street analysts were...
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Marriott Updates Its Share Buyback Program
Thursday, February 11, 2016 - 4:10pm | 118Read More...Shares of Marriott International Inc (NASDAQ: MAR) turned positive late Thursday afternoon after the company announced an update to its share repurchase program. Marriott announced that its Board of Directors approved an increase to its already existing share repurchase program by an additional 25...
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Expedia CEO: Here's How Low Oil Helps Us
Thursday, February 11, 2016 - 3:07pm | 263Read More...Shares of Expedia Inc (NASDAQ: EXPE) surged higher by more than 10 percent on Thursday following the company's fourth-quarter earnings release on Wednesday. Speaking to CNBC on Thursday, Expedia's CEO Dara Khosrowshahi discussed the company's performance and how low oil prices are giving a boost to...
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Belmond Spikes Higher, Stock To Be Added To S&P SmallCap 600 Index
Thursday, January 21, 2016 - 10:40am | 132Read More...S&P Dow Jones Indices announced on Wednesday a change to its S&P SmallCap 600 Index. Belmond Ltd (NYSE: BEL), a luxury hotel company and adventure travel operator, will be added to the SmallCap 600 index after Friday's market close and will be added to the S&P SmallCap 600 Hotels,...
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Morgan Stanley Bullish On Intercontinental Hotels
Friday, May 1, 2015 - 1:30pm | 374Read More...In a new report, analysts at Morgan Stanley took an in-depth look at Intercontinental Hotels Group PLC (NYSE: IHG) ahead of the company’s Q1 earnings release coming next week. Overall, analysts are optimistic about the company’s Q1 performance and outlook for the remainder of 2015....
