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Wyndham Worldwide Corp Share News

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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
12/01/201616:09:44Statement of Changes in Beneficial Ownership (4)
12/01/201608:03:00Meet the Hometown Host: Baymont and The Arc Reimagine Breakfast...
12/01/201606:03:00Wyndham Hotel Group Acquires Fën Hotels
11/29/201607:05:00Super 8 Hits the Road: Brings Critically-Acclaimed "Hotel Art...
11/29/201607:05:00Super 8 Hits the Road: Brings Critically-Acclaimed "Hotel Art...
11/28/201610:11:45Current Report Filing (8-k)
11/28/201605:00:00Save on Travel with Wyndham Vacation Rentals® Cyber Monday Deals
11/25/201605:00:00Give Home for the Holiday New Meaning with Black Friday Deals...
11/22/201613:00:00Wyndham® Extra Holidays Announces Black Friday Discounts
11/18/201613:00:00Wyndham Vacation Ownership Named Outstanding Philanthropic Corporation
11/15/201612:30:00More than 100 Affiliated Resorts Join RCI's Global Network Year...
11/15/201609:24:00Kick off Holiday Shopping Season with Wyndham Vacation Rentals®...
11/11/201613:05:00Heroes Welcome at Wyndham Worldwide
11/10/201605:05:00Reserved Because They Served: Super 8 Introduces Veteran Parking...
11/09/201617:09:56Statement of Changes in Beneficial Ownership (4)
11/08/201616:21:05Current Report Filing (8-k)
11/08/201616:05:00Wyndham Worldwide Corporation Declares Cash Dividend
11/08/201616:05:00Wyndham Worldwide Welcomes Louise Brady to Board of Directors
11/03/201617:15:04Statement of Changes in Beneficial Ownership (4)
10/31/201618:17:50Statement of Changes in Beneficial Ownership (4)

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