Last year Ikea announced its intention to open a chain of economy hotels in western Europe; now comes news that the Swedish furniture merchant will be assisted in this venture, called Moxy, by Marriott International.
No one was expecting good news out of Hewlett-Packard's analyst day on Wednesday, but few imagined the leading PC maker would dramatically slash its near-term guidance. CEO Meg Whitman stunned investors, forecasting profitability to drop in the fiscal year that begins next month.
It'll be fairly quiet on the earnings front this week, but Wall Street still bears watching. Yahoo will try to cheer up investors at its annual meeting; some big banks will report; Marriott will check in; Google will add gadgets; and a major footwear company will size up its quarter.
The Occupy Wall Street crowd has plenty of reasons to complain about how the big financial institutions treat Main Street America. But you'll be shocked to find out how poorly the masters of the investment world treat their richest clients. Multimillionaire and ex-CEO Al Checchi pulls back the curtain.
Egypt's famed antiquities and tourism sites are reopening following the political unrest there. But heeding warnings from Washington, many American travelers are steering clear of the region for now -- disrupting the tourism industry in both the U.S. and Egypt.
Dell will highlight a handful of tech company results this week. Also reporting earnings will be food giants Smucker and Campbell Soup, also Marriott and other members of the lodging and hospitality industry, and the first of a long string of results from retailers.
Hilton's ego may have taken a bruising blow from its settlement with Starwood, but its finances likely won't, analysts say. As part of the deal, Hilton has agreed to take itself out of the boutique-hotel-style market to settle allegations that it stole trade secrets from Starwood.
As travel picks up, Marriott International posted a third-quarter profit of $83 million, up from a loss of $466 million in the year-ago quarter. But shares are down after the company forecast that fourth-quarter earnings might be less than analysts expect.
Alcoa, Marriott and Yum! Brands to kick off the third-quarter earnings season with modest earnings growth, while jobs numbers could be mixed.
Ritz-Carlton will introduce a loyalty rewards program in response to declining room rates in the luxury hotel industry.
When it comes to airport shuttle bus services, convenience is increasingly being trumped by cost-cutting. Hotels near airports are "carpooling" -- sharing their shuttles to save time and money for themselves, but not necessarily for you.
Hotel chain Marriott beat Wall Street expectations, turning in a 31 cent earnings-per-share increase and a 42% rise in net income for the second quarter. The strong results reflect a travel rebound supporting firmer rates and occupancy.
If you fly into many major U.S. cities late, don't count on getting room service at your high-end hotel -- or even finding a decent meal nearby: Late-night dining options are frequently off the table, even if you're staying at the best hotel in town.
GM brought in trainers from the Ritz-Carlton to show dealers how to better connect with customers. The brand has long struggled with the perception that Cadillacs are only for older consumers.