TORONTO— Shares of Four Seasons Hotels are being battered following its announcement that it would not meet third and fourth quarter expectations. On both the Toronto and New York Stock Exchanges, shares for the luxury hotel company had fallen 10% by midday today. Four Seasons said late on Monday it will take a one-time charge related to closures of luxury hotels in Caracas, Prague and Jakarta and significant cancellations at its two Bali resorts. Depressed business at its Pierre hotel New York also hurt the bottom line, Four Seasons said. SOURCE: Reuters
