Latest news on ‘Hospitality’
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Sands China tumbles 10 percent in Hong Kong debut
HONG KONG (AP) — Las Vegas Sands Corp. saw shares in its Macau operation tumble 10 percent in its first day of Hong Kong trading Monday, after raising $2.5 billion [...]
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Sands China falls 10 pct on HK debut on valuations
By Sui-Lee Wee
HONG KONG (Reuters) – Sands China’s (1928.HK) weak stock market debut in Hong Kong on Monday signals a lack of investor appetite for a casino gaming company with [...] -
China’s 7 Days Gains, Cloud Peak Slips Post-IPO
By LYNN COWAN
The IPO of Chinese hotel chain 7 Days Group Holdings Ltd. attracted investors in droves while coal miner Cloud Peak Energy Inc. drove them away during early trading [...] -
Las Vegas Sands Eyes Growth in Macau
By JONATHAN CHENG
HONG KONG—Las Vegas Sands Corp. said it hopes to generate 30% of its Macau revenues from non-Chinese customers after 2011, when it opens a new casino-and-resort complex in [...] -
Disney Shares Hit 52-Week High After Strong 4Q Results
By David B. Wilkerson
Walt Disney Co. (DIS) shares hit a new 52-week high Friday on the media giant’s better-than-expected fiscal fourth-quarter results and amid optimism for improvements in the advertising [...] -
Hyatt Hotels, Ancestry.com Climb Post-IPO
Lynn Cowan of DJ
Hyatt Hotels Corp.’s (H) IPO proved Thursday what every hotel operator knows: Even when the industry is full of vacancy signs, people will line up for a [...] -
Wynn Resorts Falls on 33% Drop in Third-Quarter Net
(Bloomberg) – Wynn Resorts Ltd., the casino company founded by Stephen Wynn, declined the most in five months in U.S. trading after reporting a 33 percent drop in third-quarter profit.
Wynn [...] -
Marriott Swings to Loss on Time-share Write-Downs
By A.D. PRUITT
NEW YORK—Marriott International Inc. swung to fiscal-third quarter loss amid write-downs of its time-share business. But the results beat Wall Street’s targets and suggest that stabilization in the [...] -
Condé Nast to Close Four Magazines
By RUSSELL ADAMS
Condé Nast Publications Inc., struggling amid a widespread advertising slump, plans to cease publication of four magazines.
The magazines to be closed are Gourmet, Cookie, Modern Bride and Elegant [...] -
Consumer Recovery To Be Slow, Carnival COO Says
By Kelly Nolan
NEW YORK (Dow Jones)–It will take a while for the consumer to recover, Carnival Corp.’s (CCL) Vice Chairman and Chief Operating Officer Howard Frank told Dow Jones Newswires [...]
