Breaking News: Schwab (NYSE:SCHW), Kraft (NYSE:KFT), Host Hotels (NYSE:HST)

The Charles Schwab Corporation (NYSE:SCHW) on Monday sold $600 million of senior notes, said IFR, a Thomson Reuters service. The size of the deal was increased from an originally planned $500 million.  JP Morgan, Citigroup, and UBS were the joint bookrunning managers for the sale. – Reuters.  SCHW shares are trading at $14.73, down -2.93% or $-0.45 and volume is currently at 2.75M shares traded.

Kraft (NYSE:KFT): "Warren Buffett soured on Kraft. If Warren Buffett soured on Kraft, who am I to say it's fine?" – Jim Cramer  KFT shares are trading at $28.62, down -0.73% or $-0.21 and volume is currently at 1.65M shares traded.

Host Hotels & Resorts Inc. (NYSE:HST), the largest lodging real estate investment trust (REIT) in the U.S., has recently acquired W Union Square, a premium luxury hotel in New York, through a joint venture in which it has a majority stake. The transaction, the terms and conditions of which were not revealed, and it is expected to be completed by September 2010.  W Union Square was previously owned by Istithmar World Capital, the Dubai World unit that bought the property in 2006 for $285 million. However, the hotel, which was placed in the premium category, was hit hard by the economic downturn as consumers reduced their discretionary spending. – Zacks  HST shares are trading at $13.53, down -0.29% or $-0.04 and volume is currently at 2.95M shares traded.

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