On Thursday, Wyndham Worldwide Corporation (NYSE:WYN)’s shares inclined 0.03% to $77.26.
Wyndham Hotel Group is set to expand its presence in South Korea by more than 200 percent over the next three years thanks to the signings of 12 new property franchise agreements so far in 2015, counting agreements for three Howard Johnson® hotels, marking the brand’s entry into South Korea.
This year’s signings build upon another 14 franchise agreements in South Korea executed by Wyndham Hotel Group in 2014, bringing the company’s pipeline in the country to more than 7,550 rooms within 26 new-construction hotels under the Ramada®, Days Inn® and Howard Johnson brand flags. Presently, Wyndham Hotel Group has 13 properties and more than 2,800 rooms open and operating in the country.
Wyndham Worldwide Corporation provides hospitality services and products to individual consumers and business customers worldwide. It operates three in segments: Lodging, Vacation Exchange, and Rentals, and Vacation Ownership. The Lodging segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, in addition to provides property administration services for full-service and select limited-service hotels. As of February 4, 2015, the company had about 7,440 franchised hotels and 638,300 hotel rooms. Merck & Co., Inc.(NYSE:MRK)’s shares dropped -0.68% to $52.65.
Markit Ltd (MRKT) declared the launch of a secondary public offering of its common shares. In the offering, which is subject to market and other conditions, certain of Markit’s shareholders intend to offer 24,586,022 common shares for sale and to grant the underwriters the right to purchase up to about 1,700,000 additional common shares from the selling shareholders. The company itself is not selling any shares and will not receive any proceeds from the projected offering.
BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., HSBC, J.P. Morgan, Morgan Stanley, RBC Capital Markets, UBS Investment Bank, BNP PARIBAS, Jefferies, RBS and TD Securities are acting as joint book-running managers for the offering.
As part of the offering, Markit intends to purchase from the underwriters a number of common shares with an aggregate value of about $350 million at a price per common share equal to the price to be paid to the selling shareholders by the underwriters. Markit intends to fund the repurchase through a combination of cash and a drawdown of its revolving credit facility.
Markit Ltd. provides financial information services worldwide. It operates through three divisions: Information, Processing, and Solutions. The Information division provides pricing and reference data, indices, and valuation and trading services across multiple asset classes and geographies through direct and third-party distribution channels. Its products and services are used for independent valuations, research, trading, and liquidity and risk assessments.
At the end of Thursday’s trade, Cathay General Bancorp(NASDAQ:CATY)‘s shares surged 0.58% to $29.26.
Cathay General Bancorp (CATY), the holding company for Cathay Bank, declared recently that its Board of Directors declared a cash dividend of fourteen cents per common share, payable on September 11, 2015 to stockholders of record at the close of business on September 1, 2015.
In addition, the Board of Directors authorized resumption of the repurchase of up to 622,500 common shares, which is the number of shares remaining of the 1,000,000 shares initially authorized under the stock repurchase program approved by the Board of Directors in November 2007. Any repurchases will be made from time to time in the open market.
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses in the United States. It offers various deposit products, counting passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit, and public funds deposits.
AAC Holdings Inc(NYSE:AAC), ended its Thursday’s trading session with 1.2% gain, and closed at $25.30.
AAC Holdings, Inc. (AAC) declared its results for the second quarter ended June 30, 2015. All comparisons comprised of in this release are for the second quarter of 2015 to the second quarter of 2014 unless otherwise noted.
Second Quarter 2015 Financial Highlights:
- Revenues raised 85% to $53.8 million.
- Earnings per diluted share raised 767% to $0.26 from $0.03.
- Adjusted earnings per diluted share raised 371% to $0.33 from $0.07.
- Net income accessible to stockholders raised 981% to $5.6 million from $0.5 million.
- Adjusted EBITDA raised 230% to $14.0 million from $4.2 million.
- Client admissions raised 62% to 1,806.
- Average daily residential census raised 42% to 539.
- Outpatient visits totaled 2,634 contrast to zero measured formerly
- Average net daily residential revenue raised 17% to $918.
AAC Holdings, Inc. provides inpatient substance abuse treatment services for individuals with drug and alcohol addiction in the United States. Its therapy services comprise motivational interviewing, cognitive behavioral therapy, rational emotive behavior therapy, dialectical behavioral therapy, solution-focused therapy, seeking safety, eye movement desensitization and reprocessing, and systematic family intervention services. The company also provides personal training, yoga sessions, massage therapy, and other amenities.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
