Goldman analyst lifts some lodging price targets on slowing supply growth, increasing demandSeptember 30th, 2009 Sector Snap: Some lodging price targets raisedNEW YORK — A Goldman Sachs analyst boosted the price targets of some lodging companies Tuesday, citing slowing supply growth and an uptick in demand. Many lodging operators saw declining demand during the recession as consumers looked to trim costs and held back on booking trips or took shorter vacations.
JPMorgan analyst lifts Starwood price targets partly on costs control efforts, business mixSeptember 18th, 2009 JPMorgan analyst increases Starwood price targetNEW YORK — Solid cost control efforts and a strong business mix will work in Starwood Hotels & Resorts Worldwide Inc.'s favor as the lodging sector starts to emerge from the pressures of the recession, a JPMorgan analyst said Friday as he raised the hotel and leisure company's price target. Analyst Joseph Greff said in a client note that Starwood has managed its expenses well and done a better-than-expected job at cutting its selling, general and administrative and property-level expenses.
Strategic Hotels appoints Raymond L. "Rip" Gellein Jr. and Eugene F. Reilly to boardAugust 28th, 2009 Strategic Hotels names 2 independent board membersCHICAGO — Strategic Hotels & Resorts Inc. said Thursday that it has named Raymond L.
Tata Communications completes 6,700 km cable system with TycoAugust 18th, 2009 MUMBAI - The installation, testing and commissioning of the 6,700 km TGN-Intra Asia (TGN-IA) cable system was complete, telecom service provider Tata Communications and undersea communications technology leader Tyco Telecommunications announced Tuesday. "The fully operational 6,700 km TGN-IA system links Hong Kong, Singapore, Tokyo, Vietnam and the Philippines, providing route diversity throughout the Asia Pacific region, Tata Communications said in a regulatory statement.
Tata Communications net profit plummets 67 percentJuly 25th, 2009 MUMBAI - Telecom services provider Tata Communications Saturday said its net profit for the quarter ended June 30 fell 67 percent to Rs.32 crore ($6.6 million) as against Rs.98 crore in the same period last fiscal. Tata's stand-alone revenue also fell 3.2 percent to Rs.843 crore for the quarter under review from Rs.871 crore, the company said in a statement.
Starwood Hotels & Resorts climbs 28 pct due to cuts plus gain from Italian tax incentiveJuly 23rd, 2009 Starwood 2Q profit rises on cuts, tax benefitCHICAGO — Starwood Hotels & Resorts Worldwide Inc. managed to beat Wall Street profit forecasts Thursday, despite posting a disappointing decrease in per-room revenue for the second quarter.
Starwood Hotels & Resorts climbs 28 percent mostly on gain from Italian tax incentive programJuly 23rd, 2009 Starwood 2Q profit rises on Italian programWHITE PLAINS, N.Y. — Starwood Hotels & Resorts Worldwide Inc.
Tata Communications launches advanced networking serviceJuly 21st, 2009 MUMBAI - Tata Communications, a leading telecom and Internet services provider, Tuesday launched advanced ethernet services to help its customers experience high-speed, secure and cost-effective bandwidth. Ethernet is a widely installed local area network (LAN) technology.
Starwood Hotels & Resorts readies to release 2nd quarter resultsJuly 21st, 2009 Earnings Preview: Starwood Hotels & Resorts Inc.CHICAGO — Starwood Hotels & Resorts Inc. reports its second-quarter earnings on Thursday.
Tata Communications ties up with BT, TelxJune 25th, 2009 MUMBAI - Indian telephony and internet services provider Tata Communications Thursday forged two separate deals with Britain-based BT Group and American network services major Telx. The $1-billion deal with BT will see the British company outsourcing its entire voice traffic to Tata Communications, while the latter will utilise BT's infrastructure for its calls to Britain.
Tata Communications signs pact with Qatar's QtelJune 8th, 2009 MUMBAI - Tata Communications, which runs one of the largest telecom cable networks in the world, has entered into an agreement with the Doha-based Qatar Telecom to share infrastructure and expand their joint reach globally. The Tata firm, which serves clients in businesses like communications services, software and outsourcing, providing them national and global connectivity through fibre optic and undersea cables, is particularely expected to expand its foothold in the Gulf region.
Tata Communications ties up with Cisco, Philippine firmMarch 31st, 2009 NEW DELHI - Tata Communications Tuesday said it has tied up with Cisco and Philippine Long Distance Telecommunications (PLDT) to roll out telepresence services, the next generation video-based communication technology, in the Philippines. As per the agreement, the companies have decided to open a public telepresence studio in the Philippines, which will be operated by PLDT.
Tata Communications ties up with Polish telecom firmMarch 5th, 2009 NEW DELHI - Tata communications has signed an agreement with Poland-based mobile phone operator Play to route the latter's entire international call traffic, it was announced Wednesday. Play will implement Tata's voice termination product VTS Prime Solution to manage customer call quality.
Tata Communications to invest $430 mn in Asia PacificFebruary 11th, 2009 NEW DELHI - Private telecom major Tata Commununications Thursday announced that it will invest around $430 million (Rs.21 billion/Rs.2,100 crore) in the Asia Pacific region to expand its operations. The investments will be used for developing its internet data centre Tata Communications Exchange (TCE) and for the completion of the main segment of its TGN-Intra Asia Cable system, a company statement said.
Tata Com acquires 30 percent stake in South African firmJanuary 18th, 2009 NEW DELHI - Telecom operator Tata Communications has acquired a 30 percent stake in Neotel, a South Africa-based operator, the Indian firm said Monday. Tata Communications picked up the stake from two other operators, Eskom and Transnet.