Want to join the conversation?
Hotel investment company $INN said it has sold 6 hotels to affiliates of American Realty Capital Hospitality Trust (ARC) for $108.3MM. The sales proceeds were used to complete some reverse like-kind exchanges to defer otherwise taxable gains of about $74MM and to pay down $INN's unsecured revolving credit facility by $105MM.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.