Topic: Deepa Seetharaman

Foreclosure auction for W hotel in NYC canceled

NEW YORK (Reuters) - A foreclosure auction for the 270-room W New York-Union Square was canceled on Tuesday after the owner of the luxury hotel filed for Chapter 11 bankruptcy protection.DekaBank Deutsche Girozentrale , a senior lender holding a $60 milli

Starwood boosts equity grant for some directors

NEW YORK (Reuters) - Starwood Hotels & Resorts Worldwide Inc is raising the annual amount of stock and options that it gives board members who do not work for the company by 25 percent.Those directors will get $125,000 in stock and ...

Government to spend $25 billion to improve Internet access

NEW YORK (Reuters) - The Federal Communications Commission's plan to boost Americans' access to the Internet will propose up to $25 billion in new federal spending, the Wall Street Journal reported on Tuesday.The FCC's National Broadband Plan is set to ...

American Air sees Q3 traffic, revenue drop

NEW YORK (Reuters) - AMR Corp's <AMR.N> American Airlines said on Friday it expects September mainline passenger traffic to slide 16.4 percent from August levels and sees costs rising 1.7 percent during that time.Mainline ...

JetBlue offers one month of unlimited jetting

NEW YORK (Reuters) - JetBlue Airways is offering a $599 one-month pass for unlimited travel on Wednesday in a bid to get more passengers airborne and jump-start a sluggish summer for the airline industry.The pass, valid until August 21, allows holders to

Flight grounded by coffee maker aroma

NEW YORK (Reuters) - The electrical smell that caused a Southwest Airlines Co flight to make an unexpected landing Sunday was caused by a coffee maker in the back of the aircraft, a company spokesman said on Monday.The coffee maker was in ...

Southwest flight grounded by coffee maker aroma

NEW YORK (Reuters) - The electrical smell that caused a Southwest Airlines Co flight to make an unexpected landing Sunday was caused by a coffee maker in the back of the aircraft, a company spokesman said on Monday.The coffee maker was in ...

Starwood posts higher profit on cost cuts

NEW YORK (Reuters) - Starwood Hotels & Resorts Inc <HOT.N> posted a higher net profit for the second quarter on Thursday, helped by broad cost cuts.The White Plains, New York-based company posted net income of $134 ...