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Choice Hotels International is asking shareholders of rival chain Wyndham Hotels & Resorts to sign off on a buyout worth nearly $8 billion after Wyndham broke off negotiations, the company said Tuesday. Choice's proposal allows Wyndham shareholders to choose either cash, stock, or a combination of cash and stock. Choice first approached Wyndham in April, offering $80.00 per share, with 40% of that cash and 60% Choice stock, but was rejected, Choice said. But, according to Choice, Wyndham voiced concerns about regulatory approval in September and also the value of Choice stock. Shares of Wyndham Hotels & Resorts Inc. jumped more than 15% before the opening bell Tuesday, to $82.40.

Persons: Wyndham, “, Patrick Pacious, ”, Howard Johnson Organizations: Wyndham Hotels, Resorts, Wyndham, Choice, Ramada, Resorts Inc, Inc Locations: Rockville , Maryland, Wyndham, La Quinta, Parsippany , New Jersey

☆ North Carolina utility restores power to all customers after substation attack
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 8 (Reuters) - A North Carolina utility said on Thursday it had restored power to all of the homes and businesses affected by what authorities described as an orchestrated gunfire attack that disabled two substations last week. Duke Energy Corp said 45,000 customers who lost power in the attack in Moore County five days earlier had electric service restored. Schools across the county of 100,000 people canceled classes for students for the forth day on Thursday. School officials were worked to ensure that electrical, HVAC and communications were operational before resuming classes, they told local media. Federal law enforcement officials were helping an investigation into the situation, which was also monitored by the White House.

☆ North Carolina county in dark for third day after attack on power substations
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Jonathan DrakeDec 6 (Reuters) - Tens of thousands of households and businesses in North Carolina remained without power for a third day on Tuesday as authorities investigate what they describe as an orchestrated gunfire attack that disabled two substations. North Carolina Governor Roy Cooper on Tuesday said "a serious national conversation" about protecting critical infrastructure is needed after the attack. On Saturday night, utility workers investigating reports of widespread outages found gates broken and evidence of gunfire damage to equipment at two substations in the county. That represented nearly all customers served by the company in Moore County, spokesperson Jeff Brooks said on Monday. For most customers, power would likely be out through Wednesday or Thursday because the damage to the substations was extensive and requires complicated parts and repairs, Brooks said.

☆ North Carolina county still in dark after attack on power substations
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Jonathan DrakeDec 6 (Reuters) - Tens of thousands of households and businesses in North Carolina remained without power for a third day on Tuesday as authorities investigate what they describe as an orchestrated gunfire attack that disabled two substations. North Carolina Governor Roy Cooper said on Tuesday that "a serious national conversation" about protecting critical infrastructure is needed after the attack. On Saturday night, utility workers investigating reports of widespread outages found gates broken and evidence of gunfire damage to equipment at two substations in the county. That represented nearly all customers served by the company in Moore County, spokesperson Jeff Brooks said on Monday. For most customers, power would likely be out through Wednesday or Thursday because the damage to the substations was extensive and requires complicated parts and repairs, Brooks said.

☆ North Carolina electric grid shooter 'knew exactly what they were doing,' sheriff says
▼ + stars: | 2022-12-05 | by ( Sharon Bernstein | ) www.reuters.com time to read: +4 min

Fields' comments came as North Carolina Governor Roy Cooper warned of a "new level of threat" posed by the incident and called for hardening of critical infrastructure including the power grid. “Protecting critical infrastructure like our power system must be a top priority,” said Cooper, a Democrat, in a press briefing on Monday. Schools in Moore County will be closed for a second day on Tuesday and 38,000 households were still without power amid freezing nighttime temperatures after the Saturday shootings. The saboteur "knew exactly what they were doing to cause the damage and cause the outage that they did," Fields said. That is nearly everyone who the company serves in Moore County, spokesperson Jeff Brooks said at a press briefing on Monday.

[1/6] A snowboarder starts a climb ahead of the season opening and amid surge in electricity costs in winter sports resort Val Thorens, France, November 24, 2022. A number of ski resorts including Chamonix and Val Thorens have also pledged to limit artificial snow production and reduce heating within buildings, officials said. Half of France's ski resorts have had to renegotiate their long-term electricity contracts this year amid record-high inflation, and they expect an annual bill that could increase three to six-fold in 2023, said Alexandre Maulin, who chairs France's ski resorts association. Val Thorens was able to secure a contract with utility EDF before the energy crunch for the most part of 2023. Our motto is that we always get out of difficult situations, and it will be the case this time again, because we will adapt," said Jerome Grellet, head of Val Thorens ski lift operator SETAM.

☆ Cramer's lightning round: BRC Inc is not a buy
▼ + stars: | 2022-11-15 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

I think it might be a good place to be. Loading chart...McKesson Corp : "I think McKesson is an incredible long-term holding." Loading chart...PoleStar : "It's an interesting spec, but again, another one that's losing money." Loading chart...Vail Resorts Inc : "I think that is an interesting and absolutely excellent way to play the travel situation." Loading chart...Enovix Corp : "Losing a lot of money.

Twitter is already facing a proposed class action claiming the layoffs are imminent and will violate U.S. and California laws if employees are not given advance notice or severance pay. The law defines mass layoffs as those affecting at least 500 employees during a 30-day period, or at least 50 employees if layoffs impact at least one-third of a company's workforce. The lawsuit claims the layoffs violate the WARN Act and a similar California law. The law firm behind that case, Boston-based Lichten & Liss-Riordan, also represents the Twitter workers who sued on Thursday. Enterprise Rent-A-Car, Hertz Corp (HERTZ.UL), restaurant chain Hooters and Florida hotel operator Rosen Hotels and Resorts Inc all settled WARN Act lawsuits over pandemic-related layoffs.

☆ The gigantic moon hotel that could be built in Dubai
▼ + stars: | 2022-09-27 | by ( Francesca Street | ) edition.cnn.com time to read: +5 min

The team behind Moon World Resorts reckon so too – sort of. Courtesy Moon World Resorts Inc. Moon World Resorts is a licensing company, so Henderson envisages licensing each Moon World Resort to licensees with cash to splash. The UAE, and specifically Dubai, has been pinpointed by the company as a “front runner” for the opening of the first Moon World resort. Moon funCofounder Michael Henderson suggests Moon World Resorts could be a more affordable alternative to space tourism.

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