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Horsham, Pennsylvania-based real estate company $TOL said that 3Q16 pretax income was $163.7MM, up 52% from 3Q15. Revenues of $1.27Bil and homebuilding deliveries of 1,507 units rose 24% in dollars and 6% in units respectively vs. 3Q15. The average price of homes delivered was $843,000 and average price of net signed contracts was $831,000 in 3Q16.
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.