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Palo Alto, California-based real estate investment trust $ESS reported higher funds from operations (FFO) for 1Q16, helped by an increase in occupancy in its Seattle and Southern California markets. The company reported core FFO of $181.7MM, or $2.68 per share, in the period. It reported earnings of $78MM, or $1.19 per share.
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.