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Choice Hotels offers nearly $8 billion for larger rival Wyndham Hotels & Resorts as travel booms

Published Tue, 05 Nov 2024 07:59:31 GMT

Choice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off an a buyout worth nearly $8 billion after Wyndham broke off negotiations after six months, the company said Tuesday. “A few weeks ago, Choice and Wyndham were in a negotiable range on price and consideration, and both parties have a shared recognition of the value opportunity this potential transaction represents, said Choice CEO Patrick Pacious. ”We were therefore surprised and disappointed that Wyndham decided to disengage. While we would have preferred to continue discussions with Wyndham in private, following their unwillingness to proceed, we feel there is too much value for both companies’ franchisees, shareholders, associates, and guests to not continue pursuing this transaction.”Wyndham did not immediately respond to a request for comment early Tuesday. Choice, based in Rockville, Maryland, is offering $49.50 in cash and 0.324 shares of Choice common stock for eac...

Cambridge: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 07:59:31 GMT

CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Cambridge Bancorp (CATC) on Tuesday reported third-quarter earnings of $6.5 million.The Cambridge, Massachusetts-based bank said it had earnings of 83 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.15 per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.The bank posted revenue of $84.3 million in the period. Its revenue net of interest expense was $39.2 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $38.2 million.Cambridge shares have fallen 28% since the beginning of the year. The stock has fallen 29% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATC at https://www.zacks.com/ap/CATCSource

El Tribunal Supremo de la India rechaza legalizar el matrimonio entre personas del mismo sexo en una sentencia histórica para el colectivo LGBTQ

Published Tue, 05 Nov 2024 07:59:31 GMT

(CNN) — El Tribunal Supremo de la India rechazó reconocer legalmente las uniones entre personas del mismo sexo en una sentencia histórica que también subraya los derechos de la comunidad LGBTQ a no sufrir prejuicios ni discriminación.Los activistas habían intentado obtener el derecho a contraer matrimonio en virtud de la legislación india, lo que les daría acceso a los mismos privilegios que se conceden a las parejas heterosexuales. Aunque se les denegó, acogieron con satisfacción el reconocimiento de sus relaciones por parte del tribunal.Un tribunal constitucional de cinco jueces, presidido por el presidente del Tribunal Supremo de la India, emitió el martes el esperado veredicto, retransmitido en directo a todo el país y a multitudes que se congregaron fuera del tribunal para verlo con sus teléfonos móviles.Durante las dos horas que duró la lectura de la sentencia, el presidente del Tribunal Supremo, D. Y. Chandrachud, afirmó que la homosexualidad es un “fenómeno natur...

Millennial Money: The questions you aren’t asking (but should) during open enrollment

Published Tue, 05 Nov 2024 07:59:31 GMT

Open enrollment is no one’s idea of a good time, but health coverage is a crucial part of your financial health. Whether you’re getting insurance through an employer or the Affordable Care Act marketplace, it’s important to ask the right questions before you choose a health plan for 2024.“Open enrollment is a great time to do a personal health audit,” says certified public accountant Charlene Rhinehart, a personal finance editor at drug savings site GoodRx. “Understanding your current and anticipated health care needs will help you decide which plan is the best fit.”Here’s how to weigh your options.ARE YOUR DOCTORS IN NETWORK?Plan networks change from year to year. If you love your doctor or specialist, make sure they’re still in the network of the plan you’re considering for 2024.You should also consider whether you want the option to go out of the network — which you can usually do in a preferred provider organization, or PPO, plan, although it will cost more. Health maintenance o...

Bank of America: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 07:59:31 GMT

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Bank of America Corp. (BAC) on Tuesday reported third-quarter net income of $7.8 billion.The bank, based in Charlotte, North Carolina, said it had earnings of 90 cents per share.The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.The nation’s second-largest bank posted revenue of $44.41 billion in the period. Its revenue net of interest expense was $25.17 billion, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $25.08 billion.Bank of America shares have decreased 19% since the beginning of the year, while the S&P’s 500 index has climbed 14%. The stock has declined 15% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BAC at https://www.zacks.com/ap/BACS...

‘So much fun’: Harvard student crosses Charles River in giant pumpkin

Published Tue, 05 Nov 2024 07:59:31 GMT

CAMBRIDGE, Massachusetts (WCVB) — A college student in Massachusetts says he achieved a longtime dream when he rowed across the Charles River in a giant pumpkin.Benjamin Chang, a senior at Harvard University, crossed the Charles in a pumpkin that weighed 1,500 pounds when he picked it up from a farm in New Hampshire. He paddled from the Cambridge side of the river to the Boston side and back, not far from the John W. Weeks Footbridge.Chang and his friends wheeled the pumpkin to the banks of the river along Memorial Drive Saturday morning and then spent nearly two hours carving out a place for him to sit inside of it with some basic tools, including a knife and a shovel.“There’s been so many roadblocks that have happened, and to actually be in the water in a giant pumpkin was so much fun,” Chang said.Chang and his friends also used the pumpkin watercraft to raise money for Harvard’s student-led bio-engineering lab. A couple of dozen people donated to the...

FDA plans to propose ban on hair-straightening chemical products linked to health risks

Published Tue, 05 Nov 2024 07:59:31 GMT

(CNN) — The US Food and Drug Administration is planning to propose a ban on certain hair-straightening products, such as chemical relaxers and pressing products, that have been linked to health risks, according to an entry in the Unified Agenda, which lists actions that administrative agencies plan to issue.The agency plans a proposed rule that would specifically ban hair-straightening products that contain formaldehyde and other formaldehyde-releasing chemicals like methylene or glycol.If such a proposed rule is issued, the FDA will receive public comments on it, and after reviewing those comments, the agency will decide whether further action is needed, spokesperson Courtney Rhodes said Friday.“Based on the comments, we might decide to end the rulemaking process, to issue a new proposed rule, or to issue a final rule. If we decide to issue a final rule, we publish the final rule in the Federal Register,” the FDA says on its website.Scientists have long identified an association be...

Police officer finishes McDonald’s DoorDash delivery after driver pulled over

Published Tue, 05 Nov 2024 07:59:31 GMT

BRENTWOOD, New Hampshire (WMUR) — A New Hampshire police officer fulfilled one New Hampshire man’s DoorDash order after the delivery driver was pulled over.David Eldredge from Brentwood was waiting for his DoorDash order last week to arrive when he said a police officer holding a McDonald’s bag approached his front steps.“There’s a knock on the door and I thought, oh, that’s DoorDash and there’s a police officer there,” Eldredge said. “After he left, I thought maybe I should’ve given him a tip.”Brentwood police said they pulled over the DoorDash driver for allegedly speeding. Brentwood officer Chris Spitalere said he ran all the driver’s information and it was all suspended, the license and registration for the car.“We had to take her car and get it off the road and gave her a ride and she got picked up,” Spitalere said.Spitalere said Officer Robert McConn showed up on the scene to help him out and l...

Ukraine says it destroyed 9 Russian helicopters in airfield attacks

Published Tue, 05 Nov 2024 07:59:31 GMT

KYIV — Ukrainian special forces early on Tuesday struck two Russian military airfields, saying they successfully destroyed nine Russian military helicopters, an anti-aircraft missile system, and an ammunition warehouse.The attacks took place in occupied Berdyansk, a southern city in the Zaporizhzhia region; and at an airfield in Luhansk, an occupied city in eastern Ukraine.The special forces also managed to successfully damage airfield runways, Ukraine said, in what it called “Operation Dragonfly.” “The ammunition depot in Berdyansk detonated until 4 a.m. The detonation in Luhansk continued until 11 a.m. Losses in the enemy’s manpower amount to dozens of dead and wounded. Bodies are still being pulled from the rubble,” Ukrainian Special Operations Forces said in a statement.In an earlier statement, the Ukrainian army general staff reported only two helicopters and an ammunition depot were destroyed.The updated number of destroyed aircraft explains the consternation...

We don’t want to set up global AI regulator, says UK tech secretary

Published Tue, 05 Nov 2024 07:59:31 GMT

LONDON — Britain’s Tech Secretary Michelle Donelan has batted away suggestions that the U.K. government wants to set up a global regulator for artificial intelligence.Speaking on the POLITICO Tech podcast out Tuesday, Donelan said she envisaged the U.K.’s AI safety summit in early November would help set up international networks and frameworks to identify and manage risks from the emerging technology, but ruled out setting up a new international body.“This summit is not designed to produce a global piece of legislation that we’re all going to sign up to. It’s not designed to produce a global regulator on AI,” she said, in comments designed to quell speculation that Britain aims to pitch itself as the home of a new global AI regulator in the mold of bodies like the International Atomic Energy Agency.Instead, Rishi Sunak’s government will use the two-day summit taking place at Bletchley Park on November 1 and 2 to showcase its “Frontier AI Taskforce,” an advisory panel reportin...