Edition:
United States

Ritika Rai

Marriott raises outlook; Hyatt misses on weak group bookings

May 01 2013

Hotel operator Marriott International reported a 31 percent jump in quarterly profit and raised its full-year profit outlook due to a business-led recovery that boosted occupancy rates and higher room rates in North America.

Hyatt revenue misses on weak group bookings

May 01 2013

Hyatt Hotels Corp's quarterly revenue missed estimates as its higher exposure to a weak group bookings business in the United States more than offset gains from a business-led recovery that is boosting occupancy rates at rivals.

Investors ready to bid $2.1 billion or more for CommonWealth REIT

Feb 26 2013

CommonWealth REIT shares surged more than 50 percent after activist investor Keith Meister and real estate major Related Cos said they were willing to buy the owner of office buildings for $2.1 billion or more.

Johnson Controls sees cost savings in Europe boosting FY profit

Dec 20 2012

Johnson Controls Inc , the largest U.S. auto parts supplier, forecast a higher-than-expected profit for the fiscal year ending September 2013, banking on its ongoing restructuring and plans for a steep cut in the supplier base for its car seating business in Europe.

Johnson Controls sees cost savings in Europe boosting FY profit

Dec 19 2012

Johnson Controls Inc , the largest U.S. auto parts supplier, forecast a higher-than-expected profit for the fiscal year ending September 2013, banking on its ongoing restructuring and plans for a steep cut in the supplier base for its car seating business in Europe.

Corrected: GATX posts strong Q4

Jan 23 2012

Leasing company GATX Corp posted market-beating quarterly results on higher demand and pricing for its railcars, and expects continued improvement in its rail segment's results this year.

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