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Stock Market & Financial Investment News

News Breaks
April 7, 2014
08:15 EDTMARMarriott sees opening 30 new South African hotels, Reuters reports
Marriott, which aims to triple its revenue and rooms across Africa and the Middle East within six years, plans to open 30 new hotels in South Africa by 2020, reported Reuters, citing Marriott's Middle East and Africa head Alex Kyriakidis. Reference Link
News For MAR From The Last 14 Days
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January 27, 2015
11:34 EDTMARMarriott management to meet with SunTrust
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08:17 EDTMARMarriott to acquire Delta Hotels and Resorts business for $135M
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January 22, 2015
07:38 EDTMARMarriott CEO bullish on U.S. growth, Chinese consumer class, WSJ says
Marriott International CEO Arne Sorenson believes most Americans are "underestimating the depth of the recovery under way in the U.S.," reports the Wall Street Journal, citing a recent interview at the World Economic Forum in Davos. He attributed U.S. momentum to falling oil prices, and went on to note that Marriott's business in Russia is down 20%-25% while calling its performance in the U.K. and Middle East "not bad." Sorenson also remarked that China's transition to a middle-class consumer economy should be a boon, though he speculated that foreign growth and U.S. tax rates could limit the company's reinvestment in U.S. properties. Reference Link
January 20, 2015
05:21 EDTMARMarriott expects to reach 1M rooms open or in development in FY15
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January 14, 2015
05:57 EDTMARLodging sector downgraded to Market Weight at Wells Fargo
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