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Providence Journal (Free subscription) | 06/11/2009
By Philip Marcelo PROVIDENCE, R.I. -- The Rhode Island Convention Center Authority filed a federal lawsuit against the city this week contesting a recently passed city ordinance requiring that the convention center, the Dunkin' Donuts Center, the Veterans Memorial Auditorium, and three downtown hotels to retain employees for up to six months following a change in management . The complaint was received...
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Zandar Versus The Stupid (Free subscription) | 05/11/2009
The Galleon Group insider trading scandal is getting bigger, now involving employees of Moody's as well . The growing insider-trading scandal involving the hedge fund Galleon Group has now led to charges against 14 people, including an employee of the ratings agency Moody's Investors Service , CNBC has learned. Federal and state authorities plan to announce the new charges—including nine charged...
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Business Wire (Free subscription) | 04/11/2009
TEMPE, Ariz.--(BUSINESS WIRE)--Economic activity in the non-manufacturing sector expanded in October for the second consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business®. The report was issued today by Anthony Nieves, C.P.M., CFPM, chair of the Institute for Supply Management™ Non-Manufacturing Business Survey Committee;...
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Luxist (Free subscription) | 03/11/2009
W Hotels and Bliss Spas have been an unshakable combination for Starwood Hotels . But after a tough year for the travel and tourism industry Starwood Hotels & Resorts Worldwide Inc. has sold off the Bliss spa unit for $100 million to Steiner Leisure Limited. The Bliss and Remede brands will stay at the Starwood's W Hotels and St. Regis Hotels. Bloomberg News quotes Chief Executive Officer Frits...
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SeekingAlpha Retail Stocks (Free subscription) | 29/10/2009
Daniel M. Harrison submits: After a solid year in which its valuation more than doubled, private equity giant Blackstone Group ( BX ) has been taking a beating in recent weeks. Blackstone’s huge position in Hilton Hotels ( HLT ) has saddled it with a chunk of hard-to-manage debt: so much so that some analysts expect the firm to fall short of its projected 15 cents a share in earnings in the...
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Chicago Breaking News (Free subscription) | 29/10/2009
Hotel workers voted this evening to authorize to strike at five downtown Starwood hotels. Meanwhile, a spokesman for the union said if contract negotiations drag on, similar votes could occur at downtown Hyatt and Hilton hotels. Union contracts covering 6,000 workers at 31 hotels in downtown Chicago expired Aug. 31, and the union has said a settlement is far from sight. The vote -- which carried with...
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The Telegraph (Free subscription) | 28/10/2009
Blackstone's plans to reduce Hilton Hotels' 20bn £12.8bn debt pile has reignited concern over Ladbroke's exposure to the struggling hotel chain.
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my careless whispers (Free subscription) | 28/10/2009
I was watching a TV show last night featuring the best places across the U.S. where you can spend Christmas with the whole family. One of the best featured Christmas holiday was the Ozark Mountain Christmas in Branson, Missouri. The whole city is filled with holiday lights, music and almost every theater have Christmas shows for visitors. There are carolers in their holiday costumes that walk around...
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Clinton Fitch (Dot) Com! (Free subscription) | 28/10/2009
Review of Airport Maps for iPhone I have said it before but I'll say it again: I travel a lot. While my travel in 2009 has been cut back significantly, I'll still reach my status level with American Airlines and with Hilton Hotels. In fact, as I write this, I'm in a Hilton hotel in Baltimore, MD. Traveling a lot means that I'm in airports a lot. This isn't a problem when I'm in my home airport, Dallas/Fort...
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HotelChatter - (Free subscription) | 26/10/2009
If you're obsessed with finding new places for hotel deals (and let's face it, aren't we all') then consider joining Facebook and Twitter to follow hotels for special deals. Like this one we just learned about from Hilton Hotels in the Caribbean. Simply become a fan of a Hilton Caribbean hotel and download a $50 resort credit which is then redeemable at check-in. You can find a list of the hotels...
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Triple Pundit (Free subscription) | 26/10/2009
At BSR 2009 last week, a missing piece on the agenda was employee engagement. Yet, at the session on Internal Communications: Making the Case for CSR’s Value, all of the speakers acknowledged the challenge of getting both employees and senior management behind sustainability. The panel included Christopher Corpuel, Vice President, Sustainability at Hilton Hotels, Silvia Garrigo, [...]
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ROK Drop (Free subscription) | 25/10/2009
The Koreas Here is another K-blogger’s wedding pictures. Congrats! It looks like Hilton Hotels in has had enough of copyright infringement in South Korea. At least compared to Canada it appears Korea has a done a good job preventing swine flu deaths. Well if you are a foreign pedophile expect to get deported in South Korea now. Now if you [...]
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The Huffington Post (Free subscription) | 22/10/2009
The name of the informant who tipped off authorities to one of the largest insider trading cases in history has surfaced. According to The New York Times , Roomy Khan, a former employee of the Galleon Group hedge fund, ratted out her former boss, Raj Rajaratnam, after authorities learned of illegal trades Khan was making. Here's the NYT on Khan: She taped conversations with him and told prosecutors...
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DealBreaker (Free subscription) | 22/10/2009
Galleon Informant Surfaces (WSJ) Roomy Khan, who worked for Galleon in the late 90s, is said to be "Tipper A." In 2005, she asked Rajaratnam for another job. He didn't give her one, but he did ask if she had any inside information about any companies (turns out the answer was yes). Investigators say the informant and Mr. Rajaratnam both traded shares of Polycom multiple times, as well as...
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The Business Insider (Free subscription) | 22/10/2009
Roomy Khan is the name of the former Galleon employee who ratted out Raj Rajaratnam according to both WSJ and NYT . WSJ : The informant sought to rejoin Mr. Rajaratnam in late 2005 when facing financial difficulties, according to the SEC complaint. Mr. Rajaratnam asked if the applicant had inside information about any public companies, the complaint alleges, adding that she said she could get access...
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