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Newton, Massachusetts-based $HPT said hotel RevPAR growth was 4.4% across its 291 comparable hotels, well above industry growth levels in 1Q16. This RevPAR growth, which was 91% rate-driven, continued to be broad-based. The company's 224 hotels that were renovated from 2010-2013 increased RevPAR by 3.7%.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.