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Travel Hotels, Restaurants and Leisure

  • The company also set a new $150 million share repurchase program and raised its quarterly dividend to 7 cents per share from 6.5 cents. However, Wendy's net income fell to $28.9 million, or 11 cents per share, from $85.9 million, or 31 cents per share, a year earlier, due to a sharp decline in net investment income. Excluding items, the company earned 8 cents per share, 1...

  • However, the company's net income fell to $28.9 million, or 11 cents per share, for the fourth quarter ended Jan. 1 from $85.9 million, or 31 cents per share, a year earlier. Revenue fell 33 percent to $309.9 million, mainly due to fewer company-owned restaurants in the quarter. Analysts on average had expected an adjusted profit of 8 cents per share and revenue of...

  • *Hilton forecasts 2017 adj profit of $1.65- $1.75/ share. The hotel operator said it expected adjusted earnings between $1.65 and $1.75 per share. Analysts on average had estimated earnings of $1.75 per share in 2017, according to Thomson Reuters I/B/E/S.

  • Marriott beats on top & bottom lines

    Earnings are out for Marriott. CNBC's Susan Li reports the details.

  • *Forecasts 2017 adj profit of $1.65- $1.75/ share. The hotel operator said it expected adjusted earnings between $1.65 and $1.75 per share. Analysts on average had estimated earnings of $1.75 per share in 2017, according to Thomson Reuters I/B/E/S.

  • Hilton, which gets more than three quarters of its revenue from the United States, reaffirmed its 1-3 percent growth in RevPAR in 2017 and said it expects adjusted earnings between $1.65 and $1.75 per share. Analysts on average had expected Hilton to earn $1.75 per share in 2017.. Net loss attributable to Hilton stockholders was $387 million, or $1.17 per share, in...

  • Tourism in the Middle East

    Haitham Mattar, CEO of the Ras Al Khaimah Tourism Development Authority in the United Arab Emirates, discusses the tourism industry in the Middle East.

  • Wining and dining your loved one on February 14 in one of London's most exclusive restaurants.

  • *Mulls selling holidays to customers from S. Europe, China. BERLIN, Feb 14- European travel and tourism company TUI said it aims to start offering holidays to customers from countries such as China, India, Spain and Italy as it seeks new ways to keep its hotels full. "This is also true for China, Southeast Asia...

  • *Q4 adj profit of $0.44/ shr vs est of $0.42/ shr. *Tim Horton comp sales rise 0.2 pct vs est 1.1 pct. Feb 13- Restaurant Brands International Inc, the owner of Burger King and Tim Hortons, reported a higher-than-expected quarterly profit as comparable sales at its burger chain topped estimates and costs fell.

  • Feb 13- Restaurant Brands International Inc, the owner of Burger King and Tim Hortons, reported a higher-than-expected quarterly profit as comparable sales at its burger chain topped estimates and costs fell. Total costs at Restaurant Brands fell about 16 percent to $619.8 million, while total comparable sales at Tim Hortons, which operates mainly in Canada,...

  • SINGAPORE, Feb 10- Liesbeth Foesters travels for business around the world, but none of her hotel rooms was smaller than the one she got in Singapore. It is a compromise that works well both for travellers like Foesters and the hotel industry in Singapore, which for the past two years has been aggressively targeting middle income guests. Visitors from upwardly...

  • Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin.

    Online travel services company Expedia did report a 23.2 percent rise in fourth-quarter revenue, helped by higher gross bookings.

  • WASHINGTON, Feb 9- Labor secretary nominee Andrew Puzder, the controversial business leader expected to undergo a U.S. Senate confirmation hearing next week, will be spared an emotionally weighted and concurrent discrimination trial against the restaurant group he heads. A state court in Orange County, California, has granted CKE Restaurants Inc a delay from...

  • WASHINGTON, Feb 9- Labor secretary nominee Andrew Puzder, the controversial business leader expected to undergo a U.S. Senate confirmation hearing next week, will be spared an emotionally weighted and concurrent discrimination trial against the restaurant group he heads. A state court in Orange County, California, has granted CKE Restaurants Inc a delay from...

  • Feb 9- Yum Brands Inc, the owner of KFC and Taco Bell, reported a lower-than-expected rise in quarterly sales at established restaurants worldwide as fewer diners ate at its Pizza Hut chain. Same-store sales rose 3 percent at KFC and Taco Bell, but this was tempered by a 2 percent decline at Pizza Hut. "KFC and Taco Bell had relatively strong performance in December,...

  • SAN FRANCISCO, Feb 8- Shares of Panera Bread surged to a record high on Wednesday and were on track for the biggest one-day move in almost two years after the company gave an upbeat forecast and said technology investments at its restaurants were paying off. The St. Louis, Missouri- based company late on Tuesday reported quarterly results above Wall Street's...

  • SAN FRANCISCO, Feb 8- Buffalo Wild Wings' shares rose on Wednesday as some investors bet that its dismal quarterly results have strengthened the hand of an activist hedge fund in a proxy fight aimed at turning around the struggling restaurant chain. Lackluster interest in watching professional sports may also be hurting sports bars and restaurants, with...

  • LOS ANGELES, Feb 7- Yum China Holdings Inc, reporting for the first time as a standalone company, on Tuesday said its profit beat expectations for the fourth quarter despite just missing Wall Street's target for sales at established restaurants. Shares in the company, which is China's largest publicly held restaurant operator with 7,562 units, were up 1 percent...

  • Feb 6- Activist hedge fund manager Mick McGuire nominated four directors to serve on the board of Buffalo Wild Wings Inc, officially launching a proxy fight against the U.S. restaurant chain. McGuire, who runs Marcato Capital Management, has publicly agitated for changes at Buffalo Wild Wings since last July, demanding that the company franchise more of its...