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$AIV said it expects 2017 revenue growth of 3.75-4.75%. This growth rate is based on the earn-in of 2016 leasing activity, renewal rates of 4.5% and new lease rates of 3.9%, as estimated by third-party data providers. OpEx is to increase 2.5-3% in 2017, which is based on market level inflation adjustments, which are also projected by third parties.
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.