International Business News - MHGC 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 stock activity stories for Wednesday, Nov. 26, from AP Financial News: NEW YORK (AP) _Shares of Hormel Foods Corp. sagged heading into the holiday weekend as investors hungered for a better fiscal 2009 earnings forecast than the food producer provided. http://www.ibtimes.com/articles/20081126/movers-roundup-hormel-coldwater-creek.htm Wed, 26 Nov 2008 14:25:31 EST Shares of Morgans Hotel Group Co., which owns and operates luxury boutique hotels, jumped on Wednesday after the company announced a series of loan extensions for its Mondrian South Beach condominium hotel joint venture. http://www.ibtimes.com/articles/20081126/morgans-hotel-shares-gain-after-loan-extensions.htm Wed, 26 Nov 2008 20:01:32 EST New data from a market research firm confirmed that hotel companies suffered last week as travel was disrupted by continuing fears about the economy and the presidential election. http://www.ibtimes.com/articles/20081113/hotel-results-tumbled-last-week-report-says.htm Thu, 13 Nov 2008 09:31:31 EST Shares of Morgans Hotel Group Co. dropped sharply Thursday afternoon, after the boutique hotel operator reported that its third-quarter losses narrowed, but failed to meet Wall Street's expectations. http://www.ibtimes.com/articles/20081106/morgans-hotel-group-shares-drop-on-3q-results.htm Thu, 06 Nov 2008 14:56:04 EST The U.S. hotel industry posted year-over-year declines last week in three key performance measurements, as hotel owners began cutting rates to fill rooms, a market research firm said Thursday. http://www.ibtimes.com/articles/20081031/us-hotel-industry-books-declines-room-rate-cuts.htm Fri, 31 Oct 2008 14:45:46 EDT Shares of hotel companies traded higher Wednesday after the Federal Reserve slashed the fed funds rate by a half point, as many investors expected. Hotel stocks have been hit particularly hard by the troubled economy, which has led consumers to postpone vacations and prompted businesses to cut back on travel spending. http://www.ibtimes.com/articles/20081029/hotel-companies-shares-stay-higher-after-rate-cut.htm Wed, 29 Oct 2008 14:42:05 EDT Shares of hotel companies slipped along with the broader markets Friday as investors anxiously dumped stocks on escalating recession fears. The Dow Jones industrials dropped more than 400 points in early trading as markets around the world tumbled. http://www.ibtimes.com/articles/20081024/hotel-companies-fall-on-worries-about-a-recession.htm Fri, 24 Oct 2008 10:39:22 EDT The development pipeline for U.S. hotels was 12.8 percent higher last month than it was in September 2007 but is showing signs of a slowdown, according to a report released by a market research firm on Wednesday. http://www.ibtimes.com/articles/20081016/us-hotel-pipeline-shows-signs-of-slowdown.htm Thu, 16 Oct 2008 12:51:20 EDT Shares of hotel companies dropped on Wednesday afternoon after the Commerce Department reported a larger-than-expected decline in September retail sales, reminding investors that consumer spending cutbacks remain a major problem for the economy. http://www.ibtimes.com/articles/20081015/sector-snap-hotels-drop-on-economic-concerns.htm Wed, 15 Oct 2008 14:39:11 EDT After initially rising with the broader market Tuesday, hotel companies' stocks fell in afternoon trading as an analyst said he does not expect an industry rebound until 2011. http://www.ibtimes.com/articles/20081014/sector-snap-hotel-shares-fall-with-market.htm Tue, 14 Oct 2008 15:16:56 EDT The U.S. hotel industry posted declines in three key performance metrics last week as the Jewish holiday and severe economic turmoil drove down demand, a market research firm said Thursday. http://www.ibtimes.com/articles/20081009/us-hotel-industry-posted-declines-last-week.htm Thu, 09 Oct 2008 12:24:06 EDT Shares of major hotel companies remained mixed on Friday afternoon, following the U.S. House of Representatives' approval of a $700 billion financial bailout package. http://www.ibtimes.com/articles/20081003/hotel-companies-shares-are-mixed-after-house-vote.htm Fri, 03 Oct 2008 13:53:25 EDT Shares of hotel operators were mixed in the third quarter as investors fled companies most exposed to weakening leisure and business trends for those with more defensive business models. http://www.ibtimes.com/articles/20080930/hotel-companies-trade-mixed-in-3rd-quarter.htm Tue, 30 Sep 2008 15:50:31 EDT Shares of hotel companies dropped on Monday--and plunged further after the House rejected a $700 billion bailout of the U.S. financial system--as the travel outlook for 2009 grew gloomier amid the escalating economic crisis. http://www.ibtimes.com/articles/20080929/hotel-stocks-drop-as-2009-travel-outlook-worsens.htm Mon, 29 Sep 2008 15:15:41 EDT Morgans Hotel Group Co. slashed its capital commitment to the $4.8 billion Echelon mega-development Thursday, signaling another speedbump in the joint venture project with casino operator Boyd Gaming Corp. http://www.ibtimes.com/articles/20080925/morgans-hotel-cuts-commitment-to-echelon-venture.htm Thu, 25 Sep 2008 10:39:40 EDT Shares of hotel owners and operators surged with the broader market on Friday as government plans to rescue banks from billions of dollars in bad debt calmed some of investors' anxiety about fallout for the lodging sector. http://www.ibtimes.com/articles/20080919/hotel-stocks-surge-after-government-action.htm Fri, 19 Sep 2008 15:53:46 EDT This week's problems in the financing sector may have a longer-term impact on the hotel industry's development pipeline and help balance supply and demand, an analyst said Thursday. http://www.ibtimes.com/articles/20080918/hotel-industrys-longer-term-pipeline-may-shrink.htm Thu, 18 Sep 2008 16:41:25 EDT Shares of hotel owners and operators fell sharply on Wednesday as the turmoil in the financial sector stoked concerns about the status of development projects. http://www.ibtimes.com/articles/20080917/sector-snap-hotel-operators-fall.htm Wed, 17 Sep 2008 15:25:10 EDT Occupancy at U.S. hotels continued to fall in the first week of September, a market research firm said Thursday, although room rates remained steady. For the week ended Sept. 6, Smith Travel Research said occupancy at U.S. hotels dropped 7.3 percent year-over-year to 54.3 percent. The industry's average daily rate grew 1.2 percent to $100.73. http://www.ibtimes.com/articles/20080911/us-hotel-demand-declines-continue-into-september.htm Thu, 11 Sep 2008 20:11:03 EDT Among the stock activity stories for Wednesday, Sept. 10, from AP Financial News: Shares of Sirius XM Radio Inc. fell sharply on Wednesday after the satellite radio company forecast a wider loss and slower subscriber growth for 2008 than analysts expected. http://www.ibtimes.com/articles/20080910/movers-roundup-sirius-xm-radio-salesforce-com.htm Wed, 10 Sep 2008 18:33:31 EDT