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Real estate investment trust $LXP announced that it has sold its three remaining New York City land investments for a gross sales price of approx. $338.2MM. Related to the sale, approx. $213.1MM of mortgage debt was assumed by the buyer. Consequently, $LXP expects to record a non-cash impairment charge of approx. $65MM 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.