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Stock Market & Financial Investment News

News Breaks
October 7, 2013
10:21 EDTMAR, NDAQ, NYXMarriot to transfer to the NASDAQ Global Select Market
Marriott (MAR) announced it will voluntarily transfer the listing of its common stock to The NASDAQ Global Select Market (NDAQ) from the New York Stock Exchange (NYX). Trading of Marriott's shares on NASDAQ is expected to commence on October 21 under its current ticker symbol "MAR." Marriott will continue to trade on the NYSE until that time. Marriott's shares also will continue to trade on the Chicago Stock Exchange after the transfer to NASDAQ.
News For NYX;NDAQ;MAR From The Last 14 Days
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January 29, 2015
08:31 EDTMARAshford Hospitality forms new company dedicated to premium hotels
Ashford Hospitality's (AHT) board of directors has approved the formation of Ashford Hospitality Select, Inc. a new privately-held company dedicated to investing primarily in existing premium branded, upscale and upper-midscale, select-service hotels, including extended stay hotels, in the U.S: Ashford Select is expected to launch sometime in 1H15. Upon launch, Ashford Trust intends to contribute to Ashford Select a portfolio of 16 of its existing select-service hotels, located in ten states operated under upscale or upper-midscale premium brands affiliated with Marriott (MAR). The estimated valuation of the 16 select-service hotels being contributed to Ashford Select is approximately $331M, which equates to a trailing 12-month capitalization rate of approximately 7.5% on net operating income. Ashford Trust expects the consideration to be payable through Ashford Select's assumption of approximately $233M of non-recourse property-level debt related to the initial properties, with the balance of the consideration payable in cash and/or equity interests in Ashford Select. Ashford Select will be advised by Ashford Inc. (AINC).
07:07 EDTNDAQNASDAQ reports Q4 EPS 75c, consensus 74c
Reports Q4 revenue $517M, consensus $521.32M.
January 27, 2015
11:34 EDTMARMarriott management to meet with SunTrust
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08:17 EDTMARMarriott to acquire Delta Hotels and Resorts business for $135M
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January 26, 2015
11:39 EDTNDAQNYSE, NASDAQ plan to keep normal hours today, tomorrow, Bloomberg says
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January 22, 2015
07:38 EDTMARMarriott CEO bullish on U.S. growth, Chinese consumer class, WSJ says
Marriott International CEO Arne Sorenson believes most Americans are "underestimating the depth of the recovery under way in the U.S.," reports the Wall Street Journal, citing a recent interview at the World Economic Forum in Davos. He attributed U.S. momentum to falling oil prices, and went on to note that Marriott's business in Russia is down 20%-25% while calling its performance in the U.K. and Middle East "not bad." Sorenson also remarked that China's transition to a middle-class consumer economy should be a boon, though he speculated that foreign growth and U.S. tax rates could limit the company's reinvestment in U.S. properties. Reference Link
January 20, 2015
05:21 EDTMARMarriott expects to reach 1M rooms open or in development in FY15
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January 18, 2015
13:06 EDTNDAQNasdaq, JPX agree to milestone market technology deal
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