Home Inns ready to buy Motel 168

Home Inns has entered into a definitive agreement to acquire Motel 168. This addition of 281 hotel locations in 81 cities will further strengthen its leadership with a multi-brand portfolio. US$470 million in cash and stock consideration with the deal closing expected for the fourth quarter of 2011.

Callaway golf bags win gold medals

New Hyper-Lite 4.0 stand bag and Org 14X cart bag lead new lineup of Callaway golf bags, having just won gold medals in Golf Digest's 2011 Golf Bag "Hot List" evaluations.

Air and sea passenger travel is improving

The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, reported that passenger revenue(1) rose 12 percent in April…