U.S. hotels should enjoy revenue growth the rest of this year, but it probably won’t translate to the bottom line until next year, according to new lodging industry reports released this past week. According to Smith Travel Research (STR), lodging…
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Hotel Outlook Improves After Stronger-Than-Expected First Quarter
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by T.J. Ortenzi on April 2, 2010
WASHINGTON — As the bottom fell out of the housing market and complex mortgage-backed securities began tanking in 2007, a strange thing happened at Moody’s Investors Service, one of the largest firms that rate bonds for the risks they pose to investors. Moody’s blue-ribbon board of directors stopped receiving key information from an internal committee that was supposed to keep the board informed of risks to the company, a McClatchy investigation has found.
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Moody’s Risk Committee Disappeared At Height Of Collapse
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