May 8 Marriott International Inc, the world's largest hotel chain, reported a nearly 67 percent rise in its quarterly profit as more people booked its rooms at higher rates.
Net income rose to $365 million, or 94 cents per share, in the first quarter ended March 31, from $219 million, or 85 cents per share, a year earlier.
Total revenue for the company, which owns the Ritz-Carlton and St. Regis luxury hotel brands, rose 47.4 percent to $5.56 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Shounak Dasgupta)
UPDATE 1-Shaw Communications' adds cable customers for first time since 2010
June 28 Shaw Communications Inc on Wednesday reported strong quarterly subscriber gains at its revamped cable business and notched wireless profit growth even as it spent heavily to build up both businesses.
UPDATE 1-U.S. charges Penn West Petroleum, ex-executives with accounting fraud
WASHINGTON, June 28 U.S. securities regulators on Wednesday filed civil accounting fraud charges against Canada-based oil and gas company Penn West Petroleum Ltd and several of its former top finance executives.