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Real estate company $VNO is planning multiple projects to transform and enhance its Penn Plaza holdings. $VNO plans to upgrade and modernize One Penn Plaza and Two Penn Plaza into an integrated 4.2MM square foot complex. The company aims to achieve market rents as much as 50% higher than current rents.
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.