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$AVB said its 2Q16 total revenue rose by 9.8% to $502.31MM. This increase is primarily due to growth in revenue from development communities and Established Communities. For Established Communities, Average Rental Rates increased 5.2%, driving rental revenue up by 5.0%, the company said.
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.