Hilton profit beats on higher room rates By Reuters


© Reuters. Hilton profit beats on higher room rates (Reuters) – Hotel operator Hilton Worldwide Holdings Inc reported a better-than-expected quarterly profit on Wednesday, as healthy travel demand helped it boost room prices. The hotel industry in the United States has thrived in the backdrop of a robust economy, allowingRead More →

How marijuana companies can profit without selling pot


Recreational marijuana is a new industry, which can lead to financial oddities. One of the most strange is that pot companies can claim profit based on little more than a guess about how much their cannabis is actually worth. International accounting rules followed by the top Canadian pot producers requireRead More →

Lockheed Martin profit misses estimates, shares slip By Reuters


© Reuters. FILE PHOTO – Trade visitors are seen walking over a road crossing covered with Lockheed Martin branding at Farnborough International Airshow in Farnborough, Britain (Reuters) – Pentagon’s No.1 weapons supplier Lockheed Martin Corp (NYSE:) missed analysts’ estimates for quarterly profit on Tuesday, as margins slipped in its aeronauticsRead More →