Starwood Hotels moves to 3Q loss | AP

Starwood Hotels & Resorts Worldwide Inc. lost money in its third quarter, dragged down by a hefty charge tied to a hotel sale. Adjusted results topped Wall Street's expectations as occupancy improved. The owner of Sheraton, Westin and other brands also raised its 2010 earnings outlook Thursday. Starwood reported a net loss of $6 million, or 3 cents per share, compared with net income of $40 million, or 22 cents per share, a year ago.