Free Republic

Fairmont Hotels and a New York investment firm pulled out of a $46 million deal to buy the Peaks Resort, leaving Telluride’s largest hotel in long-term limbo as it prepares to reopen for the ski season. Two people with direct knowledge of the negotiations — one from each side of the table — said the hotel’s expensive infrastructure problems had torpedoed the deal. After examining the Peaks, buyers Fairmont and Manhattan-based Thor Equities concluded that the hotel needed $6-7 million in repairs, on top of a planned $60 million renovation... The impasse didn’t break, and on Friday, Fairmont and Thor...

After the AFA contacted Loews Home Improvement about some issues with its use of the term Christmas (or lack thereof) Loews responded: "Lowe's has contacted the AFA and assures us that it is proudly committed to selling Christmas trees this year, as it has done for more than 60 years. The company apologized for the confusion created in its 2007 holiday catalog when it headlined the page of Christmas trees "family trees." The error was not caught before the publication was distributed, and Lowe's says it is disappointed in the breakdown in its proofing process. Lowe's assures us that they...

Our undying devotion to simultaneous movie releases has earned us a small share of hate mail over the years, especially from folks in the movie theater business. Our complaining about the crowds, the inconvenience, and most importantly, the cost really gets on their nerves. They make all manner of excuses for what goes on in theaters. The high prices of concessions, we're told, stems from two factors. First, they say, movie theater employees earn more on average than your man at McDonald's, so you shouldn't expect the price to compare with Chez McDo. More importantly, they claim that the movie...

November 15, 2003 01:02 PM US Eastern Timezone Loews Corporation Mourns the Loss of Laurence A. Tisch NEW YORK--(BUSINESS WIRE)--Nov. 15, 2003--Loews Corporation (NYSE:LTR) mourns the loss of Laurence A. Tisch, the Co-Chairman of its Board of Directors and its co-founder. Mr. Tisch succumbed to cancer on November 15, 2003. Laurence Tisch has been heralded, not only as one of the country's leading entrepreneurial business visionaries, but also for his indelible impact on society through his philanthropic leadership. Laurence Tisch, with his brother Preston R. Tisch, built Loews Corporation into one of the largest diversified financial corporations in the United...