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Stock Market & Financial Investment News

News Breaks
June 2, 2014
04:55 EDTSYY, SYY, BYI, BYI, VAC, VAC, PNK, PNK, OWW, OWW, H, H, CAR, CAR, DIN, DIN, SEAS, SEAS, FUN, FUN, LQ, LQGoldman to hold a conference
Lodging, Gaming, Restaurant and Leisure Conference to be held in New York on June 2-3.
News For SYY;FUN;SEAS;DIN;CAR;H;OWW;PNK;VAC;BYI;LQ From The Last 14 Days
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March 31, 2015
11:12 EDTOWWPriceline rises after Stifel says European macro risks already priced in
The shares of online travel agency Priceline (PCLN) are advancing in a down market after Stifel upgraded the stock, saying that the European macro economic risks faced by the company are priced into the shares at current levels, while the stock's valuation is compelling. WHAT'S NEW: The macro economic risks that Priceline faces in Europe are already priced into the stock, Stifel analyst Scott Devitt wrote in a note to investors earlier today. Following the stock's recent underperformance spurred by this risk and worries about the stock's valuation, the shares' risk/reward ratio has become attractive, Devitt believes. If the economic situation in Europe improves, Priceline's stock could rise, Devitt said. Citing Priceline's estimated 5% 2015 free cash flow yield, its newly initiated $3B share repurchase program, and its consistent profitable organic growth, the analyst wrote that the company has strong fundamentals and favorable shareholder policies. Moreover, the combination of Priceline's leverage to improvement in Europe, its leading position in its industry, and its compelling valuation make the company unique among mature, growing large-cap Internet companies, according to the analyst, who set a $1,400 price target on the shares. OTHERS TO WATCH: Other companies in Priceline's sector include Expedia (EXPE) and Orbitz (OWW). PRICE ACTION: In mid-morning trading, Priceline rose 2% to $1,172.
March 26, 2015
07:31 EDTHHyatt Hotels enters into management contract for Andaz hotel in Palm Springs
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management contract with Rael Development Corporation for an Andaz hotel in Palm Springs, Calif. The hotel will join Andaz hotels currently located in top resort destinations including Wailea, Napa, and Peninsula Papagayo, as well as other world-class cities such as London, New York, Los Angeles, Shanghai, and Tokyo. Andaz Palm Springs is expected to open in late 2016.
March 25, 2015
17:37 EDTOWWExpedia, Orbitz receive second information request from DoJ
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08:34 EDTSEASClass-action suit alleges SeaWorld conceals 'unethical' treatment of orcas
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06:11 EDTLQLa Quinta 20.75M share Secondary priced at $23.71
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March 24, 2015
10:27 EDTSEASSeaWorld exploring transactions to refinance existing unsecured senior notes
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March 23, 2015
16:20 EDTLQLa Quinta files to sell 17.5M shares of stock for Blackstone Group holders
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13:07 EDTSEASSeaWorld says new advertising campaign highlights killer whale care
SeaWorld Entertainment launched a new advertising campaign highlighting the company's leadership in the care of killer whales and contributions to protect whales both in human care and in the wild. The campaign will emphasize SeaWorld's 50-year commitment to continuous evolution including its recent announcement of new killer whale habitats while setting the record straight on false accusations by activists who oppose whales and other animals in zoological settings. "There's been a lot of misinformation and even lies spread about SeaWorld, and we recognize that it has caused some people to have questions about the welfare of killer whales in human care," said David D'Alessandro, Chairman and Interim CEO of SeaWorld Entertainment, Inc. "This long-term campaign will address those questions head on. We want to provide the facts, so people can make up their own minds on this important issue."
March 19, 2015
18:58 EDTSEASOn The Fly: After Hours Movers
UP AFTER EARNINGS: Mattress Firm (MFRM), up 5.2%... New York & Company (NWY), up 3.1%... Rally Software (RALY), up 1.4%... Nike (NKE), up 4.2%... Youku Tudou (YOKU), up 1%. ALSO HIGHER: Prothena (PRTA), up 39.3% after reporting positive results from Phase 1 study of PRX002... SeaWorld (SEAS), up 1% after naming Joel Manby as president and CEO. DOWN AFTER EARNINGS: AK Steel (AKS), down 9.1%.
16:02 EDTSEASSeaWorld names Joel Manby as President And CEO
SeaWorld Entertainment announced that its board has appointed Joel Manby as President and CEO, effective April 7. Manby will also join the company's board. David D'Alessandro, who has served as interim CEO, will continue to serve as the company's Chairman. Most recently, Manby has served as President and Chief Executive Officer of Herschend Enterprises, the largest family-owned theme park and entertainment company in the U.S.
March 18, 2015
08:32 EDTPNKGaming and Leisure could pay $42/share for Pinnacle, says JPMorgan
JPMorgan believes Gaming and Leisure Properties (GLPI) could raise its offer for Pinnacle Entertainment (PNK) to $42 per share from the current $35.77 consideration. It thinks the offer at $42 would make financial sense for both companies. JPMorgan raised its price target for Gaming and Leisure to $40 from $36 and for Pinnacle to $42 from $36. It keeps Overweight ratings on both names.

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