Marriott's Profit Falls Despite Its Hotels' Strength
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Marriott International's fourth-quarter profit fell 7 percent because of a steep drop in revenue from its synthetic-fuel operation, but the company still beat Wall Street's expectations because of strong performance in its core lodging business.
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U.S. investment bank Morgan Stanley on  Wednesday said quarterly profit fell amid reduced trading  revenue, reflecting the impact of sluggish markets this summer.
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Marriott International Inc. (MAR.N: Quote, Profile, Research) , the largest US hotel operator, on Thursday said third-quarter profit rose 45 percent as business travel continued to perk up after three years of stagnation.
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French hotels group Accor SA on Wednesday reported a 24 percent drop in first-half net profit as its brands such as Sofitel and Motel 6 suffered from the uneven recovery in the global travel market.
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The countryâs largest newspaper publisher said Friday that its fourth-quarter profit dropped because of a decline in broadcasting revenue and weak newspaper ad sales.
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Warner Music Group Corp  on Friday posted a fourth-quarter profit, but revenue sagged in line with broader weakness in the recorded music and music publishing businesses.
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Bethesda-based Host Marriott, which owns hotel properties under names including Marriott, The Ritz-Carlton, Four Seasons and Hyatt, reports smaller losses for its latest quarter and higher revenue from year-ago results.
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US investment bank Morgan Stanley on Wednesday said quarterly profit dropped by a third on lower bond trading revenue, weak equities results and higher expenses, falling
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Marriott International said its second-quarter profits rose a better-than-expected 11 percent, but shares were down on concerns about slowing growth.
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American Express Co  on Monday said fourth-quarter profit dropped 10 percent, and its revenue missed analyst forecasts as customers defaulted more often, fanning worries the credit card and travel services company might struggle as the U.S. economy weakens.
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NEW YORK Chicago-based stock-exchange operator Archipelago Holdings Incorporated says earnings per share fell, though revenue rose slightly.
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Profits continue to drop despite strong sales of Palm's Treo smartphone.
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LOS ANGELES/NEW YORK  - Hilton Hotels Corp.  HLT.N on Monday said fourth-quarter net earnings fell, but  revenue per room rose as increased travel fueled higher room  rates -- a trend that is expected to pick up this year.
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The hotelier's strong quarter isn't enough to please investors.
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Marriott International Inc  said on Thursday that quarterly net profit fell on a loss from discontinued operations, but robust demand at its overseas hotels supported earnings from continuing operations.
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped 34 percent  amid reduced trading revenue, falling well short of Wall  Street's already-lowered expectations after a summer of  sluggish market activity.
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Marriott International Inc.  on Thursday said its third-quarter net income fell 5 percent on higher taxes, but the top U.S. hotel operator's profit still beat Wall Street expectations.