NEW YORK (Reuters) - U.S.-based travel companies, from Marriott International ( MAR ) to Booking Holdings ( BKNG ) are trimming their budgets and workforce ahead of next year as falling leisure travel demand from lower-income travelers hits top-line growth.  Diminished demand for budget hotels reduced growth in the hotel business in 2024, and that trend is expected to continue...

10:56 AM EST, 11/26/2024 (MT Newswires) -- Abercrombie & Fitch ( ANF ) on Tuesday increased its sales growth outlook for the full year and reported annual gains in fiscal third-quarter results while the apparel retailer named a new finance chief. The company now expects full-year sales growth of 14% to 15% in the ongoing fiscal year, up from its...

10:52 AM EST, 11/26/2024 (MT Newswires) -- CN (CNR.TO) on Tuesday released its Indigenous Reconciliation Action Plan (IRAP), which it says was developed and shaped by the feedback received from Indigenous communities and CN employees that engage with these communities. The plan outlines concrete steps, measurable commitments, and a clear vision to guide CN on its reconciliation journey over the...

10:53 AM EST, 11/26/2024 (MT Newswires) -- Armlogi ( BTOC ) said Tuesday it has secured funding through a $50 million standby equity purchase agreement with YA II PN and $21 million in convertible promissory notes in three tranches. The standby equity purchase agreement enables Armlogi ( BTOC ) to sell common stock to YA II PN over two years,...