Alaska tourism up 6% in summer 2007
06.11.2007, 08:33
The number of visitors to Alaska grew steadily in the summer of 2007, bringing $1.8 billion to the state, according to travel industry figures.
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The tourist season brought about 1.7 million visitors, up from 1.6 million in 2006 for a 6 percent increase, the Alaska Travel Industry Association said.
Andre Balazs Explains Hotel Moves: We Do It All the Time
03.11.2007, 07:43
Hip hotelier André Balazs is baffled by the way Crain’s broke the news yesterday of his company’s move to refinance four hotels—Times Square’s Hotel QT and the Standards in Los Angeles, Hollywood and Miami.
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(“Hotelier selling assets in refinancing move,” the Crain’s headline now reads; it has apparently been softened since yesterday.) We called Mr. Balazs today at his office in Manhattan to hear his thoughts on the recent business move and yesterday’s media maelstrom.
Triarc Submits Bid for Wendy's
02.11.2007, 07:31
Triarc Cos. submitted a bid to buy Wendy's International Inc. for less than it had originally indicated it would pay.
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The parent company of the Arby's fast-food chain said in a filing with the Securities and Exchange Commission that it put in an offer for Wendy's on Monday, the deadline that bids were due for the hamburger chain. Triarc didn't disclose how much money it offered but said its proposed purchase price is below the valuation range that Triarc had indicated it would be prepared to pay in July, which was $37 to $41 a share.
Bad news for flying golfers as British Airways imposes baggage fees
19.10.2007, 08:30
Air travel is a frequent source of annoyance to my readers, especially those carrying their clubs with them on trips.
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Besides all the other hassles (delayed flights, cramped seats, crappy food and rude service) luggage seems to get lost more on golf trips. Knock on wood, I’ve never had my golf gear broken or stolen, but I have had it misplaced.
Billionaire lowers his price in offer to buy Wendy's
12.10.2007, 07:27
Billionaire investor Nelson Peltz submitted an offer to buy Wendy's International (WEN), but the proposed price is below what he previously said the nation's third-largest hamburger chain is worth, according to a regulatory filing Tuesday.
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Peltz's Triarc Co. (TRY), which owns fast-food chain Arby's, submitted the bid Monday, according to the filing by Peltz's hedge fund, Trian Fund Management. In April, Wendy's formed a committee to look at ways the company could boost its stock price, including a possible sale.
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