Sales in the time-share business fell 39 percent driven byWyndham’s efforts to reduce properties in that segment

Sales in the time-share business fell 39 percent, driven byWyndham’s efforts to reduce properties in that segment. Thecompany has roughly 7,000 properties and 21 percent of itsrooms are abroad. In recent weeks, chief executives from other hotelcompanies including Marriott International (MAR.N) and StarwoodHotels & Resorts (HOT.N) said they have seen demand begin tostabilize, a viewpoint Holmes cautiously endorses. “We do see signs that there is less pressure,” Holmes said,but warned “that could flip again in three weeks because therehas been tremendous volatility in the market.” The company said it expected second-quarter adjustedearnings to be between 36 cents and 41 cents and reiterated itsfull-year earnings outlook. At the Reuters Summit in March, Holmes said worldwiderevenue per available room (RevPAR) would fall between 6percent and 10 percent. [ID:nN03477763] “Based on what we saw in the first quarter, we probablylean toward the 10 percent than the 6 percent decline,” hesaid. “We’re seeing a continuation of pressure.” (Reporting by Deepa Seetharaman, editing by Maureen Bavdek,Dave Zimmerman) Stocks Global Markets.

Daytona 500 Race is Today, Starts at 3:40 PM Eastern Time on FOXHonestly? I really could care less about NASCAR. There are much better things I can do with my time other than watch cars make hundreds of left turns and pass each other.There seems to be a lot of hype this year with Dale Earnhardt Jr. driving the new AMP car, that is about all I know about racing other than the occasional NASCAR blip on SportsCenter.Early reports say that there were 100 people waiting in line to get the new line of clothes that Earnhardt Jr. has released through Adidas.A lady was quoted saying that she had already seen Jr She had been stalking him all week. But seriously? Don’t you have better things to do with your time than stalk a racer?Yahoo! has plenty of coverage here for all you racing fans.Super Bowl Champion 19-0 Patriots Clothing Donated to Nicaraguan KidsI have better idea for those children in Nicaragua who received some 290 hats and shirts saying that the Patriots had gone 19-0 and won the Super Bowl.Find a computer, list it on eBay and watch the price of it shoot straight up in the air.Don’t wear those clothing items you just received, sell them.I think that one in 290 could fetch at least several hundred US dollars if not several thousand US dollars. They could buy lots of clothes and lots of food for their families with that.Though, it was a generous thing for the NFL to do instead of just dumping them in a dumpster somewhere.For more information on this story, click here.Congratulations to Dwight Howard for Winning the NBA All-Star Dunk Contest 2008A self alley oop? Putting it off the back of the glass and then dunking it? A superman costume?No wonder this guy won the NBA dunk contest.Much more entertaining of an event this year than in year’s past.Highlight for me was when Gerald Green had a cupcake with a candle in it lit, when he dunked, he blew out the candle.Simply brilliant.Though one of the worst parts of the night had to have been Rudy Gay’s hyped YouTube contest for the dunks he would perform at the contest. All of the dunks lacked luster and it is not surprising that he did not make it past the first round with that kind of performance.More information can be found here.You can find these and many more on my sports blog here.Like my writing style? Have a bone to pick? Write me at Thanks! This article is also featured on Ryne's Daily Sports Ramblings.

Konnects adds Jay Gallinatti as President and Chief Operational OfficerTACOMA, Wash., April 29 /PRNewswire/ — Konnects, Inc., the social mediasolutions and platform provider for the newspaper industry, announced that JayGallinatti will join the Konnects executive team as President and ChiefOperating Officer. Gallinatti will manage all aspects of the Company’s business on a day-to-daybasis, and will work to further expand adoption of the Konnects social mediaplatform and its service offerings.A seasoned executive, Gallinatti bringsto Konnects more than 25 years of experience, and a track record of success.Gallinatti has been consulting with Konnects for over 18 months, and hasserved on the Board of Directors since April 2008. He also serves on theStrategic Advisory Board for InnoCentive, Inc., an internet company that ispioneering “Open Innovation.”"We are excited to have such a seasoned internet professional join our team.Konnects will benefit from both his leadership and strategic input.Hisexperience in growing a company like ours to scale will be invaluable as weproceed down our path. Jay is very talented and has had an immediate impact,”said Jim Crabbe, Chairman and CEO, Konnects.Jay Gallinatti said, “I am thrilled to be leading us in our new strategicdirection to deliver a social media solution to local newspapers.Our robustplatform is ideal for local newspapers looking to adopt a social mediasolution that can provide real engagement with their on-line audience. I amextremely excited about the opportunity for Konnects to help local newspapersto once again be ‘the hub’ of their local community, but it will be on-line,not in print.” Prior to joining Konnects, Gallinatti served on the board of directors forZango, Inc. from November 2004 until January of 2009.In March of 1998Gallinatti joined Overture (previously GoTo ) as one of the foundingmembers of the executive management team responsible for advertising sales andcustomer service.Overture pioneered the concept of “sponsored listings”within search results, and the company grew to more than 600 employeesgenerating over $600 million in revenue and $100 million in net profit.