ShopNBC a 24-hour TV shopping network, today announced financial results for its third fiscal quarter ended November 1, 2008.
Third Quarter Results
Third quarter revenues were $124.8 million, a 32% decrease from the same period last year. EBITDA, as adjusted, was ($13.3) million compared to approximately $1 million in the year-ago period. Net loss for the [...]
Michael Sagild has been appointed CEO of Stein Management Company International following the recent investment by KOP Group, Singapore. Michael’s appointment is aimed at facilitating Stein’s expansion into the global hotel market from its base in Europe, augmenting its initial brand extension into Asia and North America.
Stein Hotels and Resorts will continue as the consumer-facing [...]
Dollar Thrifty Automotive Group, announced that it has reduced its overall workforce by approximately 6% to adjust the Company’s cost structure for current economic conditions. The reduction affected senior management, 30% reduction, headquarters staff, 15% reduction and the Company’s field staff, 5%. The total workforce reduction involved approximately 400 employees.
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“We are taking this difficult [...]
TicketNews announces top ticket sellers rankings for the week ending October 25, 2008.
TOP 20 OVERALL SELLERS
In the face of a struggling economy and increased competition, Ticketmaster is reportedly preparing to layoff hundreds of employees in order to streamline its business. The company reportedly plans to cut about five percent of its worldwide workforce or about [...]
Oriens Travel & Hotel Management Corp. (http://www.orienscorp.com), a company that seeks out mid/lower-end hotel properties in developing countries and reorganizes them under the Hotel PURE brands, is pleased to announce the company has completed its new online booking and processing engine, FROL (Friendly Reservations On Line), which aims at servicing travel related businesses in [...]
Wyndham Worldwide Corporation announced results for the three months ended September 30, 2008.
HIGHLIGHTS:
* Third quarter reported EPS grew by 23%, or 11% on an adjusted basis. Third quarter 2008 net income was $142 million, or $0.80 diluted earnings per share. Adjusted net income, excluding $6 million after-tax in legacy items and [...]
New York Road Runners and Avis Rent A Car System, LLC, announced today that Yannick Benjamin and Alyssa Johnson have won the Avis Spirit Award in conjunction with the ING New York City Marathon 2008. The award, previously known as the Avis “We Try Harder” Award, celebrates people who endeavor to overcome considerable obstacles through [...]
Frontier Airlines Holdings, Inc. filed its Monthly Operating Report for September 2008. Frontier reported an operating loss of $10.4 million and a consolidated net loss of $20.8 million for the month of September 2008. For the second fiscal quarter ended September 30, 2008, the Company reported a $5.8 million operating loss and a $29.7 million [...]
Monaco Coach Corporation, one of the nation’s leading manufacturers of recreational vehicles, today reported results for the third quarter ended September 27, 2008 and provided an update on its credit facilities.
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Monaco Coach Corporation reported it is in the final stages of concluding its new loan agreements to replace its existing credit facility. The Company believes [...]
CBRE Realty Finance, Inc. announced that on October 22, 2008 the Company was notified by the NYSE Regulation that the Company is not in compliance with the New York Stock Exchange, Inc. listing standard requiring a listed common stock to maintain a minimum average closing price of $1.00 per share for 30 consecutive trading [...]
Whether you are travelling on business or for pleasure, the hotel will make your stay more enjoyable by providing you with comfortable accommodation and friendly service. The Fleche d’Or Hotel Paris is located close to the Gare St-Lazare and luxury department stores. The Place Clichy, famous for its large choice of cinemas and restaurants is [...]
British housebuilder Bovis Homes Group Plc said it has legally completed the sale of 851 homes for the six months ended 30 June 2008, as compared to 1,256 homes legally completed in the comparable period, a reduction of 32%. Within these totals, around 27% of homes legally completed were social and partnership homes as compared [...]
