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$VNO said that in the Washington D.C. area, the economy is continuing its positive direction. Nearly 72,000 jobs were added in the 12 months ending April 2016. 24% of this job growth is being driven by office using professional and business services. $VNO added that unemployment is now low at 3.5% for Washington as compared to 4.7% for the country.
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.