Accor Stock News

French hotel group Accor on Thursday raised the lower end ​of its full-year profit outlook after stronger-than-expected third-quarter growth on ‌the back of its luxury and lifestyle brands and a favorable events calendar.

The big banks kick off earnings season on Tuesday, to provide a first read on the health of the economy in a rising-yield environment.

Loews Corp (NYSE:L), the New York-listed conglomerate with interests in insurance, pipelines, hotels and packaging, reported second-quarter net income of $444 million as its smaller businesses picked up the slack from a weakening insurance market. That compares with $391 million a year earlier, with earnings per share rising to $2.16 from $1.87.