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Stock Market & Financial Investment News

News Breaks
May 22, 2014
11:01 EDTHOT, GEStarwood Hotels names Martha Poulter as new Chief Information Officer
Starwood Hotels & Resorts (HOT) announced the appointment of Martha Poulter, former Chief Information Officer of GE Capital (GE), as the company’s new Executive Vice President and Chief Information Officer effective June 23. Poulter will be a member of Starwood’s Senior Leadership Team and report to President and CEO Frits van Paasschen. She succeeds Roger Berry, who is set to retire in the end of June and will stay on as a consultant to Starwood through year-end to ensure a smooth transition. A 25-year technology veteran, Poulter most recently served as Vice President and Chief Information Officer, GE Capital, with global responsibility for IT strategy and operations leading a 4,000-person global organization.
News For HOT;GE From The Last 14 Days
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July 30, 2015
11:55 EDTHOTStarwood reaching out to possible bidders for company, Reuters reports
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09:35 EDTHOTInterContinental in early talks to acquire Starwood, FT reports
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09:31 EDTHOTInterContinental, Starwood holding early stage deal talks, FT reports
07:18 EDTHOTStarwood sees FY15 EPS before items $2.93-$3.03, consensus $2.99
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07:17 EDTHOTStarwood sees Q3 EPS 69c-73c, consensus 74c
Sees: Adjusted EBITDA is expected to be approximately $285 million to $295 million. REVPAR increases at Same-Store Systemwide Hotels Worldwide of 4% to 6% in constant dollars. REVPAR increases at Same-Store Owned Hotels Worldwide of 4% to 6% in constant dollars. Core fees increase approximately 1% to 3%. Management fees, franchise fees and other income increase 2% to 4%. Earnings from the Company’s vacation ownership and residential business of approximately $35 million to $40 million. Shifts in exchange rates since the third quarter of 2014 will negatively impact third quarter 2015 earnings by approximately $11 million if exchange rates stay at current levels.
07:16 EDTHOTStarwood reports Q2 EPS 84c ex-items, consensus 74c
Including special items, EPS from continuing operations was 79c. Worldwide Systemwide REVPAR for Same-Store Hotels increased 4.1% in constant dollars compared to 2014. Systemwide REVPAR for Same-Store Hotels in North America increased 5.3% in constant dollars. Management fees, franchise fees and other income, which were negatively impacted by foreign exchange rates, decreased 1.5% compared to 2014. Core fees decreased 1.0% compared to 2014. Earnings from Starwood’s vacation ownership and residential business decreased approximately $2 million compared to 2014. During the quarter, the Company signed 64 hotel management and franchise contracts, representing approximately 14,400 rooms, a 69% increase in signed rooms compared to 2014. The Company also opened 21 hotels and resorts with approximately 4,000 rooms in the second quarter of 2015.
July 29, 2015
15:08 EDTHOTNotable companies reporting before tomorrow's open
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05:30 EDTGEGE Healthcare to invest $1B for training and education solutions by 2020
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July 28, 2015
10:07 EDTGEGE in talks to sell assets to Ansaldo Energia, Reuters reports
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July 27, 2015
16:30 EDTHOTOZ Management fils 5.05% passive stake in Starwood
12:46 EDTGEAlstom to accept EUR300M hit to assist GE deal completion
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06:38 EDTGEGE intends to be 'sizable' player in energy storage market, Reuters reports
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July 24, 2015
15:17 EDTGECapital One, Apollo Global weigh final bids for GE unit, Bloomberg says
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July 23, 2015
08:18 EDTHOTStarwood unit signs agreement with Qingdao Conson for St. Regis brand
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08:11 EDTGEGE's CDF unit extends inveotry finance program with Husqvarna Group
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05:48 EDTHOTStocks with implied volatility above IV index mean; HOT AMZN
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July 22, 2015
07:23 EDTGEFrench minister 'reassured' by elements of Alstom, GE deal talks, Reuters says
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July 20, 2015
16:20 EDTGEFederal Reserve establishes enhanced standards for GE Capital
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09:04 EDTGEGE chooses Microsoft Office 365 fro employee collaboration and productivity
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06:16 EDTGEAlstom sees General Electric deal completed in coming months, Reuters reports
Alstom (ALSMY) expects to complete the transaction with GE (GE) in the coming months, Reuters reports. Reference Link
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