On a day the indexes pulled back from recent record highs, Wyndham announced it is buying La Quinta, and Alcoa reported disappointing profits.
News & Analysis: Wyndham Worldwide
Wyndham Worldwide is dividing its traditional hotel operations and its timeshare business.
Better-than-expected earnings helped push Wyndham Worldwide Corporation's shares higher, but this still wasn't a blowout quarter.
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Though lodging performed well, the company's timeshare business is taking off along with its industry.
Even after a five-year, 700%-pluse run, this hotel business is ready for more.
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Just the facts, Fool.