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Hotels, Restaurants and Leisure

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  • The one thing guarding you from a bedbug apocalypse Saturday, 11 Oct 2014 | 9:31 AM ET

    Bedbugs have not gone away, they've just found new places to hide. But the answer to the problem might be closer than you think.

  • UPDATE 1-Sears detects data breach at Kmart unit Friday, 10 Oct 2014 | 6:36 PM ET

    Oct 10- Retailer Sears Holdings Corp said the payment data system at its Kmart unit had been breached, and that certain debit and credit card numbers could have been compromised. On Thursday, restaurant chain Dairy Queen, owned by Berkshire Hathaway Inc, confirmed that it may have compromised payment card information of customers across 46 U.S. states.

  • FACTBOX-Darden, Starboard's dueling board nominees Friday, 10 Oct 2014 | 6:00 AM ET

    -Michael Barnes, Darden director since 2012. Chief Executive Officer of Signet Jewelers Ltd.- Christopher Fraleigh, Darden director since 2008. Chairman and CEO of Shearer's Foods Inc.- Michael Rose, Darden director since 1995. Chairman of Midaro Investments Inc.- Maria Sastre, Darden director since 1998. President and chief operating officer of Signature...

  • Oct 8- Restaurant chain operator Ruby Tuesday Inc swung to a first-quarter profit after five straight quarters of losses as more customers visited its casual dining restaurants, driving better-than-expected same-restaurant sales. Same-restaurant sales rose 6 percent at the company's 31 domestic Ruby Tuesday franchise restaurants, compared with a year...

  • Oct 8- Restaurant chain operator Ruby Tuesday Inc reported a first-quarter profit compared with a year-ago loss, helped by an increase in same-restaurant sales. Same-restaurant sales rose 6 percent at the company's 31 domestic Ruby Tuesday franchise restaurants, compared with a year earlier. Ruby Tuesday reported a net profit of $2.6 million, or 4 cents per...

  • NEW YORK, Oct 8- Where is retirement going to take you? They nixed Australia from their list, but over the years have done about 10 group tours, including two weeks in Alaska this year. Consider this: Viking River Cruises, one of the largest riverboat cruise operators, will carry more than 250,000 passengers in 2014 with a median age of 55, and 75 percent of them will do...

  • Oct 8- Yum Brands Inc said on Wednesday it expects China sales to bounce back strongly in 2015, but cautioned that it likely faces a bumpy, multi-month recovery from a recent supplier scandal that scared away diners in its most important market. Sales at established KFC and Pizza Hut restaurants in China should improve during the current fourth quarter, but will...

  • Oct 7- An affiliate of Brookfield Asset Management got court approval to buy Atlantic City, New Jersey's shuttered Revel Casino Hotel for $110 million in cash on Tuesday after a judge rejected complaints the auction for the bankrupt complex was tainted. "I have heard evidence to satisfy me that the sale to Brookfield should be confirmed," said U.S. Bankruptcy...

  • Oct 7- An affiliate of Brookfield Asset Management on Tuesday got court approval to buy Atlantic City, New Jersey's shuttered Revel Casino Hotel for $110 million in cash after a judge rejected complaints the auction for the bankrupt complex was tainted. The losing bidder, Glenn Straub of Florida, objected because he said the auction was unfair.

  • The Padre Hotel in Bakersfield, Calif., is among the hotels benefiting from the rise in business travel spending, especially in the oil and agriculture industries.

    Prices are going up for business travelers and, at least for now, they're willing to spend, according to a new report.

  • Oct 6- Hilton Worldwide Holdings Inc said it would sell its flagship Waldorf Astoria New York hotel to a Chinese insurance company for $1.95 billion, one of the highest prices per room ever paid for a U.S. hotel. Anbang Insurance Group Co Ltd will pay $1.38 million per room for the Manhattan hotel that was once home to Marilyn Monroe, in a deal that will see Hilton...

  • The Waldorf Astoria has been sold to Beijing-based Anbang Insurance Group Co. for $1.95 billion. Insight to the most expensive U.S. hotel sale, with CNBC's Robert Frank.

  • Goodbye, casino business. Hello...Arena Football? Monday, 6 Oct 2014 | 1:16 PM ET
    An Arena Football League game featuring the new LA Kiss, which is owned by members of the rock band Kiss.

    The ex-CEO of Foxwoods Casino knew back in 2012 that he was in the mood for a career change. Boy, did he find one.

  • Waldorf becomes most expensive hotel ever sold Monday, 6 Oct 2014 | 11:40 AM ET

    The famed Waldorf Astoria hotel, famously called "the greatest of them all," is now the most expensive of them all, after selling for $1.95 billion.

  • The Waldorf Astoria Hotel in New York.

    Hilton Worldwide Holdings announced on Monday it has sold the Waldorf Astoria New York to Anbang Insurance Group for $1.95 billion.

  • NEW YORK, Oct 5- The suddenly unstoppable U.S. dollar is posing a triple threat to American companies' profits: driving up the costs of doing business overseas, suppressing the value of non-U.S. sales and, perhaps most worryingly, signaling weak international demand. "You will get some companies that have failed to meet expectations based on the weakness we're...

  • Could Ebola fears keep foreign tourists away? Wednesday, 1 Oct 2014 | 5:36 PM ET
    Tourists pass a shirt vendor on 59th Street in New York.

    International tourism to the United States was up 9 percent in the first half of this year. Could Ebola fears reverse that trend in the coming months?

  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale in court. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • Oct 1- Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation. Revel Casino, which cost $2.4 billion to build, opened in 2012 and closed on Sept. 2 after filing for its second bankruptcy in June.