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Wyndham, Former Parent Reach Deal With IRS; To Post Gain

DOW JONES NEWSWIRES Wyndham Worldwide Corp. (WYN) said Wednesday it and its former parent have reached a settlement with the Internal Revenue Service about a long-running dispute involving a deferred tax liability. The move will result in a roughly $40 million gain for the lodging company in the third quarter. Wyndham expects to pay about $145 million in the period to resolve issues involving former parent Cendant's 2003 through 2006 federal tax returns. Cendant broke up four years ago, with Wyndham being one of the offshoots. Wyndham had set aside $185 million for the IRS matter. The company--which operates the Ramada, Howard Johnson and Days Inn hotel chains--said in April its first-quarter earnings rose 11% on fewer charges as it reported stronger timeshare revenue and got a boost from favorable exchange rates. Second-quarter results are due on July 28. Shares closed at $21.29 Tuesday and weren't active premarket. The stock has risen 5.6% this year. -By Jodi Xu, Dow Jones Newswires; 212-416-3037; jodi.xu@dowjones.com;

Stock News for Wyndham Worldwide Corp (WYN)
DateTimeHeadline
07/28/201512:11:51Quarterly Report (10-q)
07/28/201507:01:55Current Report Filing (8-k)
07/28/201506:30:00Wyndham Worldwide Reports Second Quarter 2015 Earnings
07/23/201508:40:00Sit Back, Relax and Leave the Planning to the Kids: Wyndham Rewards...
07/21/201511:39:00Last-minute Travel Deals from Wyndham Vacation Rentals Can Get...
07/15/201516:05:00Wyndham Worldwide Completes $275 Million Term Securitization
07/08/201509:49:00Soothing Sands, Fun in the Sun and the Comforts of Home! Visit...
07/06/201510:55:00Wyndham Vacation Rentals Continues Expansion with Rental Management...
07/01/201510:12:00Vacation Rental Travelers Relax More, Finds Wyndham Vacation...
06/29/201511:22:00Wyndham Vacation Rentals Gives Away Prizes Every Day in Celebration...
06/23/201517:00:00Wyndham Worldwide to Report Second Quarter 2015 Earnings on July...
06/17/201515:39:00Wyndham® Extra Holidays Announces "Every Summer Tells A Story...
06/15/201510:06:00Travelers Are Hitting the Road This Summer, Finds Wyndham Vacation...
06/12/201514:15:00Annual Report of Employee Stock Plans (11-k)
06/09/201515:39:00It's Vacation Season! RCI Reveals Where Travelers Want to Go...
06/08/201516:00:02The Best Stocks in Hotels
06/04/201518:10:21Statement of Changes in Beneficial Ownership (4)
06/02/201509:13:00Wyndham Vacation Rentals Adds California to Portfolio with Acquisition...
05/27/201514:27:00Wyndham Vacation Ownership Hosts "Dream Destinations" Sweepstakes
05/26/201517:15:00Wyndham Worldwide's CFO Tom Conforti to Participate in a Fireside...

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