Travel perks up
Businesses and families that cut back on traveling during the recession are starting to buy tickets again. Demand for hotel rooms is on the rise, particularly those in Miami, New York, San Francisco, Los Angeles and other cities that serve as gateways for international travelers. Cowen and Co. financial analyst James Sullivan says that real estate investment trusts that own hotels stand to benefit from above-average growth for the hotel sector as the economy continues to strengthen.
COMPANY SPOTLIGHTNetflix enters 'The Matrix' Netflix is continuing to bolster its credentials as a source for original programming. The video subscription service announced Wednesday that its newest original series will be science fiction from the duo behind "The Matrix" trilogy. Netflix is the top performing stock in the Standard & Poor's 500 so far this year, up more than 100 percent.