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Stock Market & Financial Investment News

News Breaks
July 9, 2014
09:32 EDTHLT, SABRSabre renews technology agreement with Hilton
Sabre (SABR) has renewed its technology agreement with Hilton Worldwide (HLT) to market and sell its inventory in the Sabre global distribution system, or GDS.
News For SABR;HLT From The Last 14 Days
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March 30, 2015
05:53 EDTHLTScientific Games announces agreement with El San Juan Resort & Casino
Scientific Games (SGMS) announced that the El San Juan Resort & Casino, A Hilton Hotel (HLT) in Puerto Rico, has selected an array of Bally systems and games products to upgrade and enhance the property's overall gaming and entertainment experience. El San Juan Resort & Casino is upgrading its Bally SDS slot-management solution and CMP player-tracking system to the newest, most robust versions, making a significant commitment to dramatically upgrade its back-end infrastructure. As part of this technology upgrade, El San Juan Resort & Casino will also install 56 new Bally-branded slot games, including Pro Series Wave cabinet and such premium titles as 88 Fortunes, Michael Jackson Wanna Be Startin' Somethin', The Magic of David Copperfield, TITANIC, and ZZ Top Live From Texas. The casino operator is also installing Scientific Games' Shuffle Master Blazing 7s blackjack progressive side bet as part of its technology upgrades.
March 27, 2015
13:32 EDTSABRSabre in talks for non-U.S. acquisition in travel network business
In a regulatory filing, Sabre (SABR) reports that the Hawaii Supreme Court ruled this month that Expedia's (EXPE) Travelocity is not subject to Hawaii’s transient accommodation tax but is subject to its general excise tax. The court further ruled that an income splitting provision that benefits Travelocity applies to the general excise tax. Sabre initially paid $34M in 2013 in order to appeal the matter and expects to receive a majority of this amount back as a result of this ruling. The company also reports that as of the date hereof, Sabre is involved in active negotiations for a potential non-U.S. acquisition within the travel network business segment for which it is possible that it will enter into an agreement in Q2. If consummated, it anticipates that the acquisition would close in Q2/Q3 and require approximately $500M in funds. With respect to its consolidated income statement for the year ended December 31, on a pro forma basis, it expects the acquisition would have resulted in a revenue increase of approximately $250M and would have resulted in a modest increase in adjusted EBITDA. In 2015, it expects the transaction would be approximately neutral to adjusted EPS, and would have a positive impact on adjusted EPS thereafter.
March 24, 2015
07:14 EDTHLTHilton management to meet with UBS
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March 20, 2015
08:02 EDTHLTHilton signs management agreement with Tokyo Humania Enterprise
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