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Stock Market & Financial Investment News

News Breaks
June 17, 2014
06:25 EDTHLT, IHGHilton plans opening of Zambia hotel, Bloomberg says
Zambia’s state pension fund will pay for a $98M urban regeneration project in the country's capital that will include a new hotel operated by Hilton Worldwide (HLT), according to Bloomberg, citing comments from investments director at Zambia’s National Pension Scheme Fund Authority David Chewe. Radisson Hotels and InterContinental (IHG) have already established a presence in Zambia. Reference Link
News For HLT;IHG From The Last 14 Days
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December 18, 2014
10:51 EDTIHGStarwood has $100M claim against Cuba, says Wells Fargo
Wells Fargo notes the Foreign Claim Settlement Commission certified in 2005 a claim for Starwood (HOT) against Cuba in the amount of $51.1M plus interest, implying a market value today of over $100M. Starwood has 500-plus acres of land around Havana that was seized in 2003. InterContinental (IHG) holds a certified $2.6M claim from 1959-1961, which equates to about $60M today, Wells adds. The firm does not expect the claims will be collected, but notes that if the embargo on Cuba is one day lifted, it's possible they could be traded for concessions or development entitlements.
10:01 EDTHLTOn The Fly: Analyst Initiation Summary
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06:34 EDTHLTHilton initiated with a Buy at Evercore ISI
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December 16, 2014
07:13 EDTIHGInterContinental agrees to acquire Kimpton Hotels & Restaurants for $430M
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