Thursday, February 19, 2009
Martinique International Airport, all hotels open and operating normally despite strike
Stories should only be published when there ISN'T a strike. That would be easier.
Heineken's annual profit decreases 74%
This article is pretty deceiving. Revenues up 24% and profit way down?
If you look on the Heineken web site the story is that there were a lot of writeoffs of goodwill
"However, the exceptional economic circumstances required us to reduce the value of goodwill in Russia, our investment in India and in our pub portfolios in the UK. These non-cash exceptional charges, together with low profit contributions of new businesses and the related financing costs resulted in a substantially lower reported net profit."
More fallout from the UK PUB business. Here is the link to Heineken
http://www.heinekeninternational.com/090218heinekennvfullyearresults2008.aspx
If you look on the Heineken web site the story is that there were a lot of writeoffs of goodwill
"However, the exceptional economic circumstances required us to reduce the value of goodwill in Russia, our investment in India and in our pub portfolios in the UK. These non-cash exceptional charges, together with low profit contributions of new businesses and the related financing costs resulted in a substantially lower reported net profit."
More fallout from the UK PUB business. Here is the link to Heineken
http://www.heinekeninternational.com/090218heinekennvfullyearresults2008.aspx
Latin America's Hotel Construction Pipeline at 616 Projects
It states that 55% are under construciton.
Sunday, February 15, 2009
Saturday, February 14, 2009
Co-Founder of Casino-Cheating Criminal Enterprise Pleads Guilty to Racketeering Conspiracy Targeting Casinos in the United States and Canada
Moody's lowers FelCor Lodging Trust ratings
According to the article
"FelCor shares dropped 7 cents to $1.33 in afternoon trading. The stock has traded between 66 cents and $15.87 during the past 52 weeks"
"FelCor shares dropped 7 cents to $1.33 in afternoon trading. The stock has traded between 66 cents and $15.87 during the past 52 weeks"
Wyndham - Full story
Looks like the bit hit was a $1.3 BILLION write down of the time share business.
Starbucks to offer instant coffee
So you will be able to buy instant coffee in Starbucks for $2.95 for 3 packs.
But wait. . . . .. they will probably charge $5.00 for a cup and hot water.
But wait. . . . .. they will probably charge $5.00 for a cup and hot water.
