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Travel Hotels, Restaurants and Leisure

  • MIAMI _ Norwegian Cruise Line Holdings Ltd. on Wednesday reported fourth-quarter profit of $72.2 million. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 56 cents per share. For the current quarter ending in April, Norwegian Cruise Line expects its per-share earnings to be 36 cents.

  • BETHESDA, Md. _ Host Hotels& Resorts Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 38 cents per share. Seven analysts surveyed by Zacks expected $1.31 billion.

  • Sarkozy has international experience to take Accor's helm: CEO

    Accor CEO Sébastien Bazin discusses his company's decision to appoint former French President Nicolas Sarkozy to its board.

  • Singapore, China, Japan and Thailand each boasted nine restaurants on the annual list.

  • A pedestrian pulls luggage behind him as he walks outside a Marriott hotel in New York.

    SunTrust says Marriott's hotel bookings are not improving significantly, according to its research checks.

  • WILLIAMSBURG, Va. _ Sotherly Hotels Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The Williamsburg, Virginia- based real estate investment trust said it had funds from operations of $2.1 million, or 12 cents per share, in the period. Sotherly Hotels expects full-year funds from operations in the range of $1.02 to $1.10 per share,...

  • NEW YORK— The parent company of Burger King and Tim Hortons is buying Popeyes for $1.8 billion, with plans to accelerate the growth of the fried chicken chain. Josh Kobza, Restaurant Brands' chief financial officer, said Tuesday the company plans to speed up Popeyes' expansion, as it has done with Burger King. Restaurant Brands was created after Burger King,...

  • LEBANON, Tenn. _ Cracker Barrel Old Country Store Inc. on Tuesday reported fiscal second-quarter profit of $52.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Feb 21- Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen for $1.8 billion in cash.

  • Feb 21- InterContinental Hotels Group beat 2016 profit forecasts, helped by demand in the Americas, and announced a $400 million special dividend for shareholders that sent its stock to a record high. The company, which runs over 5,000 hotels in about 100 countries under brands such as Crowne Plaza, Holiday Inn and InterContinental, said on Tuesday it also...

  • Feb 21- InterContinental Hotels Group Plc, one of the world's largest hoteliers, reported a slightly better-than-expected yearly profit rise and said it would return $400 million to investors via a special dividend and share consolidation. IHG, which runs hotels under brands such as Crowne Plaza, Holiday Inn and InterContinental, posted a 4 percent rise in...

  • Robus business growth worldwide: InterContinental CEO

    InterContinental Hotels Group CEO Richard Solomons weighs in on the company's earnings, which reveal "pretty good revenue growth around the world."

  • Feb 20- Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc, people familiar with the matter said on Monday. A deal could be announced as early as this week, the people said, asking not to be identified because the negotiations are confidential.

  • Checking in with Choice Hotels

    Steve Joyce, Choice Hotels International president & CEO, discusses the company's outlook going forward and his views on the Trump administration's ability to help promote the travel industry.

  • *Q4 adj profit of $0.08/ shr vs est. "We are guiding to a range of 2-3 percent for the next year, slightly lower than previous guidance of 3 percent," Chief Financial Officer Gunther Plosch said at Wendy's investor day. Chief Executive Todd Penegor said in August he was confident that Wendy's would grow at its long-term guidance of about 3 percent.

  • The Chicago company, which also runs the Andaz hotel brand, reported fourth-quarter net income of $41 million, or 31 cents per share, in the last three months of 2016. Adjusted earnings came to 29 cents per share, beating the 24 cents per share analysts expected, according to Zacks Investment Research. Shares of Hyatt Hotels Corp. were unchanged before the stock...

  • 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...

  • Fine restaurants in New York, San Francisco and the nation's capital closed for the day. Grocery stores, food trucks, coffee shops, diners and taco joints in places like Chicago, Los Angeles and Boston shut down. I don't know if my mom will make it home, "said Hessel Duarte, a 17- year-old native of Honduras who lives in Austin, Texas, with his family and skipped class at his...

  • Andrew Puzder, CEO of the company that owns Carl's Jr. and Hardee's, on Wednesday withdrew his nomination to head the Labor Department, which is charged with protecting workers' rights and welfare. Although the wage increases many restaurant operators have dealt with were enacted at the state or local level, Obama's Labor Secretary's Tom Perez had been a...