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RBC Capital Markets analyst Rich Moore questions $MAC whether there is anything going on with the Seritage JV with regards to shares. CFO Thomas O'Hern says that there is nothing that the company is in a position to announce right now. $MAC is working with its partner Seritage to think about the redevelopment of the nine centers.
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.