The FINANCIAL -- Pentagon Federal Credit Union (PenFed) and American Express on November 16 announced a strategic new partnership under which PenFed will issue American Express-branded credit cards.

The FINANCIAL -- Budget hotel group Travelodge on November 16 announced plans to open 10 new properties at a total investment of nearly £50m, according to caterersearch.

The FINANCIAL -- The Washington Marriott at Metro Center hotel celebrated its 15 year anniversary with the completion of an $11 million renovation, an investment by the hotel’s owner, Host Hotels & Resorts. 

The FINANCIAL -- The International Air Transport Association (IATA) on November 16 announced the signing of a Multilateral Statement of Policy Principles regarding the Implementation of Bilateral Air Service Agreements by seven states and the European Commission.

The FINANCIAL -- The Association of European Airlines , representing Europe’s most important network carriers, is calling on European policy-makers to convene a ‘stakeholder summit’ to address the challenges facing the European airline sector during the longest and deepest business downturn in its history.