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Stock Market & Financial Investment News

News Breaks
April 6, 2014
18:21 EDTH, WYNTPG led group agrees to invest in apartment-rental site Airbnb, WSJ says
A group led by private-equity firm TPG reached an agreement to invest in apartment-rental site Airbnb that values the starup at about $10B, says the Wall Street Journal. Airbnb lets homeowners rent space to travelers and may offer competition to large hotel chains like Wyndham Worldwide (WYN) and Hyatt Hotels (H), added the Wall Street Journal. Reference Link
News For WYN;H From The Last 14 Days
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February 18, 2015
07:36 EDTHHyatt Hotels sees opening about 50 hotels in 2015
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07:35 EDTHHyatt Hotels reports Q4 adjusted EPS 31c, consensus 22c
Reports Q4 revenue $1.08B, consensus $1.14B. Comparable owned and leased hotels RevPAR increased 1.9%, or 3.4% excluding the effect of currency, in Q4 compared to the fourth quarter of 2013. Comparable owned and leased hotels operating margins decreased 50 basis points in Q4 compared to the same period in 2013. Comparable systemwide RevPAR increased 3.1%, or 5.1% excluding the effect of currency, in Q4 compared to the fourth quarter of 2013.
February 17, 2015
14:57 EDTHHyatt Hotels volatility elevated into Q4 and outlook
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