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Fashion Week has long been recognized as a hub for the hottest trends. But with the retail sector getting pounded by the economy, has sponsoring the event gone out of style?
The Tao Sawgrass, as the twin-towered complex is known, was built on the western fringes of Fort Lauderdale with easy money from the now tottering condo king of American finance: Corus Bancshares of Chicago. Only about 50 of the 396 units have been sold.
Trends in the last several months have been getting “less worse” in the hotel industry, said Patrick Scholes, hotel and lodging analyst at FBR Capital Markets. He told investors where they should be putting money to work.
Priceline.com was up 14% yesterday after beating Q2 earnings estimates on strong sales and bookings and guiding above expectations for its current third quarter. The company noted that its results have been and continue to be helped by strong demand for leisure travel this summer, which has been spurred by lower prices via heavy discounting.
Michael Jackson's memorial at the Los Angeles Staples Center will be a traffic-stopping mob scene; an expensive, coffers-draining circus for the city. But it'll also be a huge cash cow for a number of Los Angeles businesses.
This commencement season, anxious graduates have gotten advice urging you to hang tough or “buck up” until things recover and you can begin climbing the career ladder of your choice...Forget false optimism. My business partner in the polling and research firm we run did a recent analysis of how extremely successful people found success in their chosen field.
With the swine flu death toll in Mexico over 100 and the virus spreading, the specter of a possible pandemic sent travel and leisure stocks plunging.
Stocks bounced back from a swine flu-induced drop Monday as traders scooped up shares of drug makers and pharmacies.
Stocks got a quick pop Friday from a rebound in consumer sentiment to its highest level since September. But the bounce quickly slowed t o a dribble as earnings worries nagged at the market.
Stock futures pared losses but continued to indicate a flat open Friday despite slightly better-than-expected first-quarter earnings results from Dow components Citigroup and General Electric.
Marriott is seeing heavy call activity — even as its stock trades lower today. MAR's 20-day average daily options volume is 3,356, but today it has traded nearly 23,300 contracts halfway through the session. Why?
Investors who missed the March rally could get a break if the April pullback in stocks continues.
Doug MacKay, president and CIO of Broadleaf Partners, is big on early cycle and innovation plays: "I think you want to focus on...consumer discretionary and even financials that usually emerge out of (recession) earliest."
On top of all the other economic problems, things are terrible in the travel industry. Portoflio.com has the details.
Starwood Hotels and Resorts is seeing some unusual options activity Tuesday, as the chain once again finds itself the subject of takeover rumors. Today's options action in HOT centers on the February 20 strike. ...The stock went as high as $16.75 as those rumors circulated this morning.
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. Founded as a REIT in 1969, this company has since become one of the world’s largest hotel companies, acquiring Westin in 1994. Hurt by the slowdown in travel, the company is looking to check out of some of its properties and focus on its core luxury brands like the W and Sheraton. Today, the shareholders felt pampered after the stock rose on word that Sam Zell may be interested in buying up some of those discarded properties. Who is it?
European shares are up 2% despite some bleak economic reports out of the U.K. today. A survey performed by the country’s largest mortgage lender showed home prices plunged 16% in the fourth quarter from a year ago. That was the sharpest decline in at least 25 years.
Drugmaker Bristol-Myers Squibb became the latest big company to announce layoffs, saying it will eliminate another 10 percent of its work force through 2010.
This week brought a slew of layoffs, including Dow component Bank of America, which said its planned job cuts may grow to 35,000 over three years after it completes its purchase of Merrill Lynch.
Sony became one of the latest companies to announce layoffs in attempt to rein in costs and weather the weak economy.