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$MAR 2Q15 PR: Revenues were approx. $3.7Bil vs. $3.5Bil in 2Q14. Base management and franchise fees totaled $412MM vs. $370MM in 2Q15, an increase of 11%. The Company added over 20,000 rooms during 2Q15, including 9,600 rooms associated with the Delta transaction and nearly 3,800 other rooms in markets outside the US.
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.