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$GGP 2Q15 Call: Our pipeline of development and redevelopment activity is approx. $2.1Bil and we expect to generate 9-11% returns on cost. We have an additional $660MM in the pipeline. Not yet included in our supplemental are the 12 Sears boxes, we now own in the JV with Seritage. Current yield on our $165MM investment is approx. 6.5%.
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.