International Business News - HOT http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Among the earnings stories for Thursday, July 24, from AP Financial News: NEW YORK (AP)--Hotel and leisure company Starwood Hotels & Resorts Worldwide Inc. said on Thursday that its second-quarter profit fell 16.4 percent as demand fell, but its results beat Wall Street estimates. http://www.ibtimes.com/articles/20080724/earnings-roundup-starwood-hotels-cache.htm Thu, 24 Jul 2008 10:55:41 EDT Hotel and leisure company Starwood Hotels & Resorts Worldwide Inc. reported a better-than-expected 16.4 percent drop in second-quarter profit on Thursday, although the company then cut its outlook for the full year on weakening lodging demand. http://www.ibtimes.com/articles/20080724/starwood-2q-profit-falls-16-4-percent.htm Thu, 24 Jul 2008 10:29:55 EDT Hotel and leisure company Starwood Hotels & Resorts Worldwide Inc. reports second-quarter results on Thursday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080722/earnings-preview-starwood-hotels-resorts.htm Tue, 22 Jul 2008 17:11:22 EDT A project billed as a radical transportation improvement for the congested Washington region got its formal kickoff Tuesday, as officials celebrated the construction of express lanes on the Capital Beltway. http://www.ibtimes.com/articles/20080722/va-officials-break-ground-on-express-lanes.htm Tue, 22 Jul 2008 16:48:01 EDT A Wachovia Capital Markets analyst cut his ratings for five lodging companies on Thursday, predicting that revenue per available room will drop 3 percent in 2009 across the top 25 markets. http://www.ibtimes.com/articles/20080717/analyst-predicts-lodging-industry-revpar-declines.htm Thu, 17 Jul 2008 14:47:57 EDT Merger and acquisition news and continued turmoil in the mortgage market shaped some of the biggest business stories this week. On Monday, shares of Yahoo Inc. soared on news that Microsoft Corp. backed billionaire investor Carl Icahn's effort to oust Yahoo's board, raising the possibility Microsoft may renew its bid to buy Yahoo. In May, Yahoo rejected an unsolicited $47.5 billion takeover offer from the world's largest software maker. http://www.ibtimes.com/articles/20080711/hot-stocks-of-the-week-yhoo-imb-fre-fnm-dow-bud.htm Fri, 11 Jul 2008 17:16:27 EDT Teen specialty retailer Hot Topic Inc. said Wednesday its June same-store sales fell slightly on lower sales at its Torrid brand stores. Company-wide same-store sales fell 0.3 percent in June, but came in well ahead of Wall Street predictions. Analysts polled by Thomson Financial expected a 3.1 percent decline. http://www.ibtimes.com/articles/20080709/hot-topic-june-same-store-sales-down.htm Wed, 09 Jul 2008 16:31:00 EDT Several hotel stocks hit 52-week lows Tuesday after an Oppenheimer analyst said the lodging industry continues to weaken, though he predicted some hotel operators will be able to weather the storm better than others. http://www.ibtimes.com/articles/20080708/hotel-stocks-hit-52-week-lows-on-bearish-comments.htm Tue, 08 Jul 2008 15:52:49 EDT The Travel Industry Association of America, whose members include airlines, hotels and tourism agencies, spent $317,500 in the first quarter to lobby the federal government http://www.ibtimes.com/articles/20080708/travel-industry-spent-317-500-on-lobbying.htm Tue, 08 Jul 2008 13:51:16 EDT Joey Chestnut achieved frankfurter immortality Friday, outdueling his celebrated Japanese rival in an epic hot-dog eating contest that pushed both of the gluttonous gladiators to the brink. http://www.ibtimes.com/data/articleimgs/86084-hot-dog-contest.jpg http://www.ibtimes.com/articles/20080704/chestnut-wins-hot-dog-contest-after-eat-off.htm http://www.ibtimes.com/articles/20080704/chestnut-wins-hot-dog-contest-after-eat-off.htm Fri, 04 Jul 2008 22:15:50 EDT Shares of Lehman Brothers Holdings Inc. dropped on Monday and kicked off a holiday-shortened week of trading, on talk Barclays PLC will buy the country's fourth-biggest investment bank at a discount. http://www.ibtimes.com/articles/20080703/hot-stocks-of-the-week-leh-cit-gm-nvda.htm Thu, 03 Jul 2008 14:50:48 EDT The D.C. Council has passed a bill that would ban electric utilities from cutting power to residents on hot days. The emergency legislation approved Tuesday would prohibit the utilities from disconnecting service to customers who are behind on their bills if the heat index is forecast to be 95 degrees or higher within 24 hours. http://www.ibtimes.com/articles/20080702/dc-council-passes-bill-banning-electricity-cuts.htm Wed, 02 Jul 2008 15:18:32 EDT Teen apparel retailer Hot Topic Inc. said Wednesday Michael Crooke is no longer president of the company's Hot Topic division, after just a month on the job. http://www.ibtimes.com/articles/20080702/hot-topic-unit-president-leaves-after-a-month.htm Wed, 02 Jul 2008 14:36:02 EDT The American Resort Development Association, which represents the time share and vacation resort industry, spent $270,000 in the first quarter lobbying on housing and mortgage issues. http://www.ibtimes.com/articles/20080630/resort-group-spent-270-000-lobbying-in-1q.htm Mon, 30 Jun 2008 12:34:28 EDT The American Hotel & Lodging Association spent $350,000 lobbying the federal government in the first quarter on labor, travel and tax issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20080630/hotel-organization-spent-350-000-lobbying-in-1q.htm Mon, 30 Jun 2008 12:15:07 EDT Among the premarket stories for Monday, June 30, from AP Financial News: NEW YORK (AP)--A Piper Jaffray analyst believes new products will give Teradyne a lift in 2009, and he upgraded the chip testing company's stock to "Buy" from "Neutral." http://www.ibtimes.com/articles/20080630/premarket-roundup-teradyne-starwood-hotels.htm Mon, 30 Jun 2008 11:55:45 EDT An analyst cut estimates and a price target on Starwood Hotels & Resorts Worldwide Inc. on Monday, citing an expected drop in demand for the lodging industry over the next three periods. http://www.ibtimes.com/articles/20080630/ahead-of-the-bell-starwood-hotels-resorts.htm Mon, 30 Jun 2008 09:05:58 EDT Rising oil prices affected many companies this week and produced a bevy of movers, while shares of Citigroup Inc. traded on news that the bank is about halfway done cutting 10 percent of the 65,000 employees in its investment banking unit. http://www.ibtimes.com/articles/20080627/hot-stocks-of-the-week-c-ups-ba-rimm-ande.htm Fri, 27 Jun 2008 16:36:06 EDT Starwood Hotels & Resorts Worldwide unit Starwood Vacation Ownership on Wednesday said it will open a a resort in Maui designed to meet "green" design standards. http://www.ibtimes.com/articles/20080625/starwood-to-build-resort-in-maui.htm Wed, 25 Jun 2008 09:05:29 EDT Shares of Starwood Hotels and Marriott International fluctuated in an erratic session on Tuesday, a day after an analyst recommended that investors limit exposure to those large hotel stocks for the rest of the year. http://www.ibtimes.com/articles/20080624/hotel-stocks-fluctuate-as-energy-concerns-continue.htm Tue, 24 Jun 2008 13:30:53 EDT