Hotels, Resorts & Cruise Lines

The greenback's bullish reversal was delivered a healthy push through Monday's session. And though risk aversion could be labeled a meaningful contributor to the move, the real impetus for this drive is likely still more technical than it is fundamental. Dollar Rally Getting Serious…At Least...

Sales of newly built homes in the U.S. are expected to hold flat in April and the ongoing weakness within the real economy could bear down on the exchange rate as investors weigh the prospects for a sustainable recovery. Trading the News: U.S. New Home Sales\ What's Expected: Time of release...

Morgans Hotel Group Co. (NASDAQ: MHGC) today announced that it has completed the sale of Royalton and Morgans for $140 million, or approximately $500,000 per room, to an affiliate of FelCor Lodging Trust, Incorporated. Morgans will continue to operate the hotels under 15-year management...

Merger activity increased last week with five new deals announced and seven closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 74 Total Number of Deals...

On a monthly basis I conduct a close replication of AAII's (American Association of Individual Investors) Shadow Stock screen. The goal is to find small, undervalued stocks with high price momentum over the past 52 weeks. The screen and date below is courtesy of Stockscreen123. I use the following...

• Euro Tumbles as Norway Suspends Aid to Greece, Fitch Downgrades Further• US Dollar bounces as Dow Jones sells off, Greek Bond Yields Surge • Australian Dollar Bounces on Gold Price Breakout US Dollar bounces as Dow Jones sells off, Greek Bond Yields Surge Euro Tumbles as Norway Suspends Aid...

The Canadian dollar pared the overnight advance as the recent batch of economic developments reinforced a weakened outlook for the region, and the loonie is likely to face additional headwinds over the near-term as interest rate expectations falter. Talking Points Canadian Dollar: Inflation...

Currency markets consolidated in quiet ranges overnight and more of the same looks likely through the week-end, with the US Dollar rally returning next week. Overnight Headlines Swiss Franc, Japanese Yen Outperform in Quiet Overnight Trade Bank of Japan Keeps Monetary Policy Unchanged as...

The US Dollar was weaker across the board at the close of New York trade today after a negative trifecta of US economic data fueled concerns about a slowdown in global growth.The Euro was a top performer in a quiet day across currency markets, squeaking out a modest gain as the New York Stock...

Household spending in Canada is projected to increase another 0.9% in March, and the ongoing expansion in private consumption should spark a bullish reaction in the local currency as the recovery gathers pace. Trading the News: Canada Retail Sales What's Expected: Time of release: 05/20/2011...

The rebound in the British Pound was certainly short-lived and the sterling may continue to lose ground throughout the North American trade as currency traders scale back their appetite for risk. Talking Points British Pound: Retail Sales Tops Forecast, BoE Holds Cautious Tone Euro: Holds...

The Japanese Yen underperformed as the economy slipped into recession in the first quarter while the New Zealand Dollar rose following a rosy set of budget projections. Overnight Headlines Japan Enters Recession as Economy Shrinks in the First Quarter NZ Dollar Outperforms on Government's...

Minutes from the latest FOMC meeting in April showed consensus among central bankers with regards to letting the Fed's massive balance sheet slowly dwindle.The Euro finished roughly unchanged on another choppy day of trading, showing relatively little sensitivity on continued speculation over a...

The headline reading for Canadian inflation is projected to increase at an annualized pace of 3.4% in April, which would mark the fastest pace of price growth since September 2008. Trading the News: Canada Consumer Price Index What's Expected: Time of release: 05/20/2011 11:00 GMT, 7:00 EST...

Overwhelmed by earnings stories on Hewlett Packard (NYSE: HPQ), Dell (NASDAQ: DELL), IMF Chief getting arrested, and the debt ceiling crisis (if there's one; the bond market certainly does not believe in one, as it keeps rallying in preparation for the arrival of QE3), an acquisition news was...