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Lodging company $MAR has reaffirmed its commitment to acquiring $HOT. On March 26, 2016, $HOT notified $MAR that it received an unsolicited proposal from a consortium of potential investors, led by Anbang Insurance Group. $MAR will monitor this development as it works with $HOT toward the closing of its transaction.
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.