“It takes a very accomplished hotelier to lead one of Gaylord Hotels’ large-scale resort and convention centers,” Mike Stengel said. “Rick is a perfect fit for Gaylord Rockies with 35 years of experience and success focused on finance, operations, sales strategies and redevelopment for some of Marriott’s more complex resort properties.”
After a slightly lower open, most stocks turned a higher within the first few minutes of trading, and winners outnumbered losers by more than two to one on the New York Stock Exchange.
Dr. Patrick Soon-Shiong is a major shareholder of Chicago’s Tronc Inc., one of the richest men in Los Angeles and, according to Forbes, the nation’s wealthiest doctor, with a net worth of $7.8 billion.
The Commerce Department said Tuesday that the trade gap in goods and services rose to $566 billion last year, the highest level since $708.7 billion in 2008. Imports set a record $2.9 trillion, swamping exports of $2.3 trillion.
That has fed into widespread concerns that markets were stretched following a strong run over the past year that pushed many indexes to record highs
Banks fared the worst as bond yields and interest rates nosedived. Health care, technology and industrial companies all took outsize losses and energy companies sank with oil prices.
“Labor is becoming scarce, and employers have to work to find, retain and train employees,” Diane Swonk, chief economist at Grant Thornton, said. “This is new for many employers.”
But Mike Jackson, CEO of AutoNation, the country’s largest dealership group, said late-model used cars coming off leases are pulling buyers from higher-priced new vehicles. Despite tax reform, low unemployment and strong consumer confidence, he sees new-car sales falling to 16.8 million from last year’s 17.2 million.
The company said Thursday that it plans between $6.5 billion and $7 billion of capital spending this year on things like new cargo airplanes and automation in its distribution centers. That’s an increase from $5.2 billion last year.