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12-Dec-2008

 

No lender willing to back Ritz-Carlton timeshare (Miami Herald)
A hostile credit market killed a planned Ritz-Carlton Timeshare and condominium resort slated for Miami Beach, developers said Wednesday.

(AFX UK Focus) 2008-12-08 22:24 UPDATE 1-Wyndham Worldwide to shrink timeshare business (Interactive Investor)
NEW YORK, Dec 8 (Reuters) - Wyndham Worldwide Corp said on Monday it will shrink its Timeshare business to help eliminate its reliance on the asset-backed securities market. Wyndham said it expects to reduce gross vacation ownership interest sales in 2009 to $1.2 billion from expected gross sales of $2 billion in 2008 by eliminating sales offices and marketing programs.

UPDATE 1-Wyndham Worldwide to shrink timeshare business (The Forex Market)
NEW YORK, Dec 8 (Reuters) - Wyndham Worldwide Corp said on Monday it will shrink its timeshare business to help eliminate its reliance on the asset-backed securities market.

Oregon farmers reaps stability from wind (High Plains Journal)
WASCO, Ore. (AP)--Hilderbrand Lane slices through acres of wheat fields as it heads east out of Wasco, a tiny town burrowed into Oregon's poorest county. Stubble from summer's harvest bristles in every direction.

Wyndham to cut 4,000 jobs as it shrinks timeshare (Reuters via Yahoo! Canada News)
Hotel and Timeshare company Wyndham Worldwide Corp said on Monday it will cut about 4,000 jobs as it shrinks its Timeshare business to help eliminate its reliance on the asset-backed securities market.

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