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Travel Hotels, Restaurants and Leisure


  • Fed's 'two-for-one' play: Pro Tuesday, 6 Oct 2015 | 8:33 AM ET
    Fed's 'two-for-one' play: Pro

    Stephen Wood, Russell Investments, says investors can expect a rate hike in 2015 and then the Fed will become data dependent. And Barry Sternlicht, Starwood Capital CEO, looks at the impact of low rates on real estate.

  • Barry Sternlicht: US lacks political leadership Tuesday, 6 Oct 2015 | 7:10 AM ET
    Barry Sternlicht: US lacks political leadership

    Barry Sternlicht, Starwood Capital CEO, weighs in on how political uncertainty is triggering geopolitical precariousness. Also Sternlicht explains why "we don't need these (low) rates."

  • Barry Sternlicht: Housing's biggest problem? Jobs Tuesday, 6 Oct 2015 | 7:07 AM ET
    Barry Sternlicht:  Housing's biggest problem? Jobs

    Barry Sternlicht, Starwood Capital CEO, weighs in on the health of the real estate sector and why some feel the "party is over."

  • Data hack at 7 Trump hotels confirmed Monday, 5 Oct 2015 | 3:41 PM ET
    Tropical flowers and front entrance sign of Trump International Hotel Waikiki Beach. Data breaches have been reported at 7 Trump hotels including Waikiki.

    Customer credit and debit card numbers may have been stolen at seven Trump hotels after its payment systems were hacked for nearly a year.

  • Data hack at 7 Trump hotels confirmed Monday, 5 Oct 2015 | 2:13 PM ET

    The Trump Hotel Collection said on its website that hackers gained access to its systems between May 2014 and June 2015 at the front desk of those hotels. The potential thefts occurred at the Trump SoHo New York, Trump International New York, Trump National Doral in Miami, Trump International Chicago, Trump International Waikiki in Hawaii, Trump International...

  • Oct 5- U.S. burger chain Wendy's Co said on Monday its Chief Executive Emil Brolick would retire in May and named Chief Financial Officer Todd Penegor as his successor. Penegor, 50, has previously worked at Kellogg Co and Ford Motor Co in various senior roles. Wendy's, whose largest shareholder is Nelson Peltz's Trian Group, launched a $1.4 billion share buyback...

  • Hip hotels get boost from crowdfunding Sunday, 4 Oct 2015 | 11:00 AM ET
    Rendering of 1095 Market Street - the building that will become YOTEL San Francisco

    Crowdfunding, which boosted the Pebble smartwatch and the Oculus Rift virtual reality system, is now becoming a trend in the hotel space.

  • Oct 1- Dunkin' Brands Group Inc's comparable sales growth slowed at its U.S. Dunkin' Donuts restaurants in the third quarter and the company said 100 U.S outlets would be closed. The restaurants are being closed in 2015 and 2016 as convenience store chain Speedway LLC plans to exit about 100 locations with Dunkin' Donuts franchise outlets, Dunkin' said.

  • Buying into Vegas at bargain basement prices Wednesday, 30 Sep 2015 | 12:56 PM ET
    Tropicana Las Vegas

    The market for distressed properties has spread from the housing market to the very heart of Sin City.

  • Sept 30- Activist investor Starboard Value LP disclosed a 3.7 percent stake in automotive parts retailer Advance Auto Parts Inc on Wednesday and urged the company consider steps including a "substantial" dividend or buyback. Advance Auto shares could be worth more than $350 each if the company took steps to improve margins, Starboard said in a letter to Chief...

  • The United States and Cuba restored diplomatic relations in July after decades of hostility. Washington chipped away further at the half-century-old trade embargo this month, allowing certain companies to establish subsidiaries or joint ventures in Cuba as well as open offices, stores and warehouses in Cuba. The United States wants to strike a deal that...

  • MGM's Murren: Macau 'ugly' but Vegas 'better' Tuesday, 29 Sep 2015 | 2:01 PM ET
    Chairman and CEO of MGM Resorts International Jim Murren

    It has not been a good year to be a shareholder in a major casino company. But the CEO says, "We're doing better, thank God."

  • How to disrupt the hotel sector Tuesday, 29 Sep 2015 | 11:40 AM ET
    How to disrupt the hotel sector

    Enrique Sarasola, CEO of Room Mate Hotels, discusses how his sharing service works and why people should use it.

  • SAN FRANCISCO, Sept 28- Airbnb is expected to double its nightly bookings this year, investors familiar with the company's performance said, a sign that the home and room renting site's battles with regulators have yet to dent its rapid global growth. "It's a global phenom," said Keith Rabois, a partner at Khosla Ventures who made an early personal investment in...

  • ATHENS, Greece— The sales tax on goods and services at six major Greek Aegean Sea tourist destinations will rise 30 percent this week as a new batch of creditor-demanded reforms kicks in. Tourism-reliant Greece's finance ministry says the increases will affect the islands of Mykonos, Santorini, Rhodes, Naxos, Paros and Skiathos, with the top bracket rising from...

  • Chipotle: Pork back in 90 percent of locations Monday, 28 Sep 2015 | 8:00 AM ET

    Chipotle Mexican Grill Inc. has enjoyed strong sales growth and expansion by marketing itself as a more wholesome alternative to places like McDonald's and Taco Bell. As of June 30, the Denver- based company had 1,878 restaurants, most of them in the United States. The restaurants that still don't have pork are in the Cleveland and Atlanta areas, as well as in North...

  • Rave Restaurant Group reports 4Q loss Thursday, 24 Sep 2015 | 7:19 AM ET

    THE COLONY, Texas _ Rave Restaurant Group Inc. on Thursday reported a loss of $604,000 in its fiscal fourth quarter. On a per-share basis, the The Colony, Texas- based company said it had a loss of 6 cents. Rave Restaurant Group shares have increased 31 percent since the beginning of the year.

  • In a lawsuit filed in federal court in Los Angeles, the U.S. Securities and Exchange Commission sued Richard Condon, an executive coaching consultant to Panda Restaurant Group, which was involved in the bidding process for P.F. Chang's. The SEC said Ross, Schultz and a third trader tipped by Ross, Ali Sagheb, made about $300,000 following the announcement in May...

  • Sept 23- The U.S. Securities and Exchange Commission sued a consultant and his friend on Wednesday for engaging in insider trading based on confidential information about an impending acquisition offer for P.F. Chang's China Bistro. In a lawsuit filed in federal court in Los Angeles, the SEC said that Richard Condon, a consultant to Panda Restaurant Group,...

  • JOHANNESBURG, Sept 23- Starbucks' local partner sees potential for more than 200 of the U.S. chain's coffee shops in South Africa within five years, it said on Wednesday, as it prepares to open the country's first Starbucks' outlet next year. Starbucks signed an agreement with Taste Holdings in July that licensed the South African restaurant operator to develop...