International Business News - WYN 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 premarket stories for Wednesday, Dec. 3, from AP Financial News: NEW YORK (AP)--The restructuring plans submitted to Congress by the U.S. automakers contain several moves essential to returning the companies to profitability, but aren't without their own risks, analysts said. http://www.ibtimes.com/articles/20081203/premarket-roundup-automakers-investment-banks.htm Wed, 03 Dec 2008 09:31:24 EST An anticipated decline in a key revenue metric for lodging companies led a JP Morgan analyst to trim some hotel and real-estate-investment trust estimates Wednesday. http://www.ibtimes.com/articles/20081203/ahead-of-the-bell-analyst-cuts-lodging-estimates.htm Wed, 03 Dec 2008 07:24:46 EST About 200 workers have been laid off from a luxury resort in Puerto Rico, officials said Tuesday, adding to the struggles of a Caribbean hotel industry hit by falling revenues and bookings due to the global financial crisis. http://www.ibtimes.com/articles/20081202/wyndham-resort-lays-off-200-workers-in-puerto-rico.htm Tue, 02 Dec 2008 15:04:56 EST Pressure on hotel and timeshare companies is likely to intensify in the near term as businesses attempt to negotiate lower corporate rates and U.S. consumers continue to hold off on travel spending, an analyst said. http://www.ibtimes.com/articles/20081125/ahead-of-the-bell-lodging-companies.htm Tue, 25 Nov 2008 09:25:25 EST Wyndham Worldwide Corp., which operates hotels and vacation rentals, said Monday it appointed Eric A. Danziger as president and chief executive of the company's franchise group Wyndham Hotel Group. http://www.ibtimes.com/articles/20081117/wyndham-worldwide-appoints-ceo-of-franchise-group.htm Mon, 17 Nov 2008 09:59:25 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 Wyndham Worldwide Corp., which operates hotels and vacation rentals, said Monday it has closed on a new $943 million conduit facility backed by its timeshare receivables. http://www.ibtimes.com/articles/20081110/wyndham-worldwide-closes-on-943m-debt-facility.htm Mon, 10 Nov 2008 15:59:05 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 Among the earnings stories for Thursday, Oct. 30, from AP Financial News: NEW YORK (AP)--Avon Products Inc. said Thursday third-quarter profit rose 60 percent, boosted by strong foreign sales, demand for new products and a tax benefit. http://www.ibtimes.com/articles/20081030/earnings-roundup-avon-cigna.htm Thu, 30 Oct 2008 10:36:39 EDT Among the earnings projection stories for Thursday, Oct. 30, from AP Financial News: MEVILLE, N.Y. (AP)--Gentiva Health Services Inc., a home health services company, raised its 2008 profit estimate Thursday and forecast a greater-than-expected profit in 2009. http://www.ibtimes.com/articles/20081030/outlook-roundup-gentiva-health-penske.htm Thu, 30 Oct 2008 10:32:35 EDT Wyndham Worldwide Corp., which operates hotels and vacation rentals, on Thursday cut its 2008 profit target and said it will incur a bigger-than-expected restructuring charge in the fourth quarter. http://www.ibtimes.com/articles/20081030/wyndham-cuts-2008-profit-revenue-target.htm Thu, 30 Oct 2008 07:56:31 EDT Wyndham Worldwide Corp., which operates hotels and vacation rentals, said Thursday third-quarter earnings jumped 21 percent on higher revenue from more hotel rooms and lower expenses. http://www.ibtimes.com/articles/20081030/wyndham-3q-profit-rises-21-percent.htm Thu, 30 Oct 2008 07:38:17 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 Shares of some casino operators gained on Tuesday afternoon, after Kirk Kerkorian's investment firm said it plans to refocus its resources on the gambling and hotel industries, as well as on oil and gas companies. http://www.ibtimes.com/articles/20081021/gambling-and-hotel-shares-trade-mixed.htm Tue, 21 Oct 2008 14:33:34 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 Wyndham Worldwide Corp. plunged with the broader market on Monday after the hotel company announced changes to its timeshare business and restructuring charges. http://www.ibtimes.com/articles/20081006/wyndham-shares-plunge-after-charges-announced.htm Mon, 06 Oct 2008 15:48:03 EDT