Stock shares for Marriott International and some of its competitors have dropped -- despite stock indexes reaching record highs -- apparently upon news that Marriott cut back its business forecast for the remainder of the year. Industry tracker Smith Travel Research says it expects only a slight decline in industry-wide occupancy rates this year versus 2006.
Sports and energy drinks will grow into a nearly $40 billion business by 2010, a study by Global Industry Analysts predicted. In the U.S., sales for functional beverages are expected to hit $17 billion this year.
The USDA wants to update its regulatory system to more closely review plants with which the agency is less familiar or those that may pose an increased risk. The agency says the proposed changes are aimed at expanding regulatory oversight while lessening the agency's burden for those organisms that have been extensively field tested.
L'Oreal is offering upmarket beauty products in India, hoping to bank on the women of the country's emerging middle class for sales. Though L'Oreal previously sold inexpensive products to compete with local beauty companies, it is now selling pricier items, such as a $17 L'Oreal Paris face powder and a $25 Vichy sunscreen.
ALDI is expanding with a new 17,000-square-foot store in Fairlawn, Ohio, scheduled to open in October. The discount grocer follows a model for efficiency that includes rentals for store carts and charges for grocery bags to encourage recycling, said the director of real estate for ALDI's Hinckley division, which will include the new location.