Wyndham Reverses Prior-Year 4Q Loss Caused By Charges | wsj.com

Wyndham reversed a prior-year loss in the fourth quarter earnings caused by a $1.3 billion write-down of its time-share business. In the latest quarter, the company saw more weakness at its hotel and time-share businesses, though results beat expectations. The company also tripled its quarterly dividend to 12 cents a share and announced the resumption of its share-buyback program, which has $157 million in remaining capacity, the latest...