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$MAR said that internationally, Asia-Pac region performed better than expected in 1Q16, while economic growth in China moderated. Shanghai & Beijing had strong results for the quarter with RevPar up in the high single digits. $MAR said following the Starwood acquisition, its expects more than a third of its rooms and fees to come from outside 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.