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AirBnB Vs. Accor: The Battle For Luxury Rental Market Supremacy
Thursday, February 23, 2017 - 1:46pm | 1013Hospitality giants are showing increased interest in the luxury vacation rental sector. It is no mystery that AirBnB and Accor SA are growing at an astonishing pace. That's because both companies are constantly on the lookout for expansion opportunities. Recently, the luxury vacation rental...
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Starwood, Marriott Shares Under Pressure Following Anbang Consoritum's Bailed Takeover
Friday, April 1, 2016 - 10:45am | 361Shares of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) were trading lower by more than 4.7 percent following a major development in the bidding war between Anbag Insurance Group and Marriott International Inc (NASDAQ: MAR). Shares of Marriott were also trading lower by more than 5.5...
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Starwood Hotels Receives Revised Merger Offer From Anbang After Marriott Bidding War
Monday, March 28, 2016 - 10:23am | 284Shares 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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Short Interest In Express Scripts And Lowe's Doubles
Friday, March 11, 2016 - 9:27am | 639Short interest in a number of stocks surged in the most recent settlement period. A pharmacy benefit management company and a big-box retailer led that trend in late February. Shares of both of them rose in the period as the markets found their footing. As the markets seem to find their footing...
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Starwood Hotels Reports Better-Than-Expected Q4 Earnings, Drop In Net Income
Thursday, February 18, 2016 - 10:30am | 304Shares 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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Starwood Hotels Announces Sale Of Vienna Property As Part Of A Commitment Towards' Advancing Our Asset Light Strategy'
Tuesday, February 16, 2016 - 8:48am | 139Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) announced on Monday it has agreed to sell its Hotel Imperial, a Luxury Collection Hotel, in Vienna Austria to Al Habtoor Investment for $78.8 million. Al Habtoor Investment is the investment arm of the UAE conglomerate Al Habtoor Group. As...
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Starwood Hotels Betting Big On New York City Market; Investors Aren't As Optimistic
Tuesday, February 2, 2016 - 3:29pm | 267Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) announced on Tuesday it plans to "significantly" expand its portfolio of Specialty Select brands in New York State over the next three years – the bulk of which will take place in the New York City region. Starwood Hotels noted that it...
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Nomura Comments On 'Encouraging Conversation' With Starwood's Management
Wednesday, February 18, 2015 - 10:59am | 129In a report published Wednesday, Nomura analyst Harry C. Curtis commented on Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) management changes which saw the resignation of CEO Frits D. van Paasschen and the appointment of Adam Aron as an interim replacement. Curtis noted that he held an "...
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Deutsche Bank Previews Lodging Industry; Notes Sentiment Is Muted
Monday, October 20, 2014 - 1:25pm | 237Carlo Santarelli of Deutsche Bank previewed the Lodging industry ahead of the major companies reporting third quarter results. The analyst favors the group, especially U.S.-centric names despite Ebola and U.S. economic growth and consumer spending concerns. “Given how the quarter played...
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Market Wrap For June 19: Stocks Little Changed, Gold and Silver Higher
Thursday, June 19, 2014 - 4:45pm | 2517U.S. stocks were little changed the day after investors and traders were reassured by the Federal Reserve that interest rates will not rise in the near-term. The U.S. government reported that fewer Americans filed claims for jobless benefits in the previous week, partly helping the S&P 500...
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Market Wrap For June 2: Dow, S&P Continue Rising, Nasdaq Slightly Lower
Monday, June 2, 2014 - 4:36pm | 2382U.S. stocks were mostly positive on the first trading session of June in which investors were left confused over ISM's May Manufacturing data which was revised twice. Both the S&P 500 and Dow Jones indices reached new highs. The S&P 500 index reached a new all time high of 1,925.88...
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17 Labor Day Stock Picks
Friday, August 30, 2013 - 9:05am | 686Labor Day marks the unofficial end of summer. Week-long vacations are done, weekend trips to the lake are winding down, and for sports fanatics, here comes football season. But there’s a lot of science behind Labor Day. Consumers spend in very predictable ways making this weekend a key revenue...
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Earnings Expectations for the Week of April 29
Sunday, April 28, 2013 - 5:31pm | 1146First-quarter results from General Motors (NYSE: GM) will be one of the highlights on the earnings front this week. Analysts anticipate that the carmaker will say Thursday its revenue slipped about three percent from a year ago to $36.60 billion, but that earnings fell from $0.93 per share a year...
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Stocks Jim Cramer is Watching this Week
Monday, March 11, 2013 - 8:57am | 515What is CNBC’s Jim Cramer watching this week? According to Cramer, key earnings announcements, economic data, and more stress tests results will make this week packed full of marking moving events. Dick's Sporting Goods (NYSE: DKS) reported EPS of $1.03, versus analyst expectations of $1.06...
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Earnings Expectations for the Week of February 4
Sunday, February 3, 2013 - 5:13pm | 1026The S&P ended last week above 1,500 and the Dow Jones Industrial Average above 14,000. Some strong earnings reports could push the markets higher, and there are plenty of quarterly reports on the schedule this week. Analysts by and large expect to see year-over-year earnings per share (EPS)...