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$AIV 2Q15 Q&A: Joseph of Citi asked about acquisitions of leaseup and construction vs. stabilized assets. John said, AIV looks at leaseup risk together with development risk. Company look for a return on a asset that would be somewhere in the 50-75 BP ahead on the completed asset ahead of one that was stabilized and already done.
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.