Finance

Wyndham Worldwide Completes $350 Million Term Securitization

Jul 27th, 2010 | By Admin | Category: Finance, USA & Canada

PARSIPPANY, NJ, (July 27, 2010) — Wyndham Worldwide Corporation (NYSE: WYN) yesterday announced that it has completed a term securitization transaction involving the issuance of $350 million of investment-grade asset-backed notes. Sierra Timeshare 2010-2 Receivables Funding LLC issued $286 million of A rated and $64 million of BBB rated vacation ownership loan backed notes [...]



Interval Leisure Group to Announce Second Quarter 2010 Financial Results on August 5, 2010

Jul 27th, 2010 | By Admin | Category: Exchange Companies, Finance

Host Conference Call and Webcast at 4:30 p.m. ET
MIAMI, FL (July 27, 2010) — Interval Leisure Group (IIL) will release its second quarter 2010 financial results after the market closes on Thursday, August 5, 2010. Interval Leisure Group will also host a related conference call beginning at 4:30 p.m. ET that same day, accessible [...]



Starwood Reports Second Quarter 2010 Results

Jul 23rd, 2010 | By Admin | Category: Finance, USA & Canada

WHITE PLAINS, NY (Jul 23, 2010) — Starwood Hotels & Resorts Worldwide, Inc. (HOT) yesterday reported second quarter 2010 financial results.
Second Quarter 2010 Highlights

Excluding special items, EPS from continuing operations was $0.35. Including special items, EPS from continuing operations was $0.42.
Adjusted EBITDA was $226 million.
Excluding special items, income from continuing operations was $67 million. [...]



Wyndham Worldwide Corporation Declares Cash Dividend

Jul 23rd, 2010 | By Admin | Category: Finance, USA & Canada

PARSIPPANY, NJ, (July 22, 2010) — Wyndham Worldwide Corporation (NYSE: WYN) July 22 announced its Board of Directors declared a cash dividend of $0.12 per share on its common stock, payable September 10, 2010 to shareholders of record as of August 26, 2010.
About Wyndham Worldwide Corporation
As one of the world’s largest hospitality companies, Wyndham Worldwide [...]



Wyndham Worldwide Reaches Agreement with IRS Settling Legacy Tax Issues

Jul 22nd, 2010 | By Admin | Category: Finance, USA & Canada

PARSIPPANY, NJ, (July 22, 2010) — Wyndham Worldwide Corporation (NYSE: WYN) yesterday announced that it has reached an agreement, along with its former parent, Cendant Corporation (“Cendant”), with the Internal Revenue Service (“IRS”) that resolves and pays certain contingent and deferred tax liabilities relating to the audit of the federal income tax returns for Cendant’s [...]



Lloydshare Annuities Announces Twitter Account

Jul 22nd, 2010 | By Admin | Category: Finance, Mexico & Latin America

Panama, Panama (July 22, 2010)– Lloydshare Annuities has announced that the company has begun to use the social networking tool Twitter to better communicate with its client base.
Lloydshare Annuities is the global leader in providing deferred annuities accredited by the American Resort Development Association (ARDA) since 2002. Lloydshare has very recently adopted a stronger [...]



Royal Resorts Caribbean Focuses On Making Pelican Resort Club Financially Stable

Jul 15th, 2010 | By Admin | Category: Caribbean, Finance, Mexico & Latin America

Installs Company CEO On Site To Oversee Management
SINT MAARTEN (July 15, 2010) – Despite a variety of angry accusations unleashed recently at Royal Resorts Caribbean from Board members, Union workers and others, the company, which manages the Pelican Resort Club, continues to have the financial success of Pelican as its primary objective. To this end, [...]



Marriott International Reports Second Quarter 2010 Results

Jul 15th, 2010 | By Admin | Category: Finance

BETHESDA, MD (July 14, 2010) — Marriott International, Inc. (MAR) yesterday reported second quarter 2010 results, exceeding the company’s diluted EPS expectations and prior year results.
SECOND QUARTER HIGHLIGHTS
Second quarter diluted earnings per share (EPS) totaled $0.31, ahead of expectations and prior year results;

Total fee revenue increased 13 percent to $287 million as a result [...]



In case, Wells Fargo accused of aiding ‘looting’ of USA Capital

Jul 9th, 2010 | By Admin | Category: Finance, Legal Issues, Timeshare Fraud

LAS VEGAS, NV Jul 08, 2010 (Las Vegas Review-Journal – McClatchy-Tribune Information Services via COMTEX) — Wells Fargo Bank participated in “massive looting” at failed hard-money lender USA Capital, according to allegations in a civil trial that began Wednesday in bankruptcy court.
Bankruptcy Judge Linda Riegle is presiding in the adversary case and will decide whether [...]



Breckenridge Grand Vacations Receives $10MM from Liberty Bank

Jul 2nd, 2010 | By Admin | Category: Finance, USA & Canada

Liberty’s Resort Finance Lending Correspondent, Wellington Financial, Says the Bank Closed Timeshare Loans in February for Grand Timber Lodge and Grand Lodge at Peak 7 Projects
Charlottesville, VA (July 2, 2010) – According to Wellington Financial, Liberty Bank recently announced their Resort Finance division had established a new lending relationship with Breckenridge, Colorado-based timeshare developers, [...]