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Susan Maklari of UBS asks about $KBH's performance in the West. CEO Jeffrey Mezger said $KBH is seeing continued strength along the Coast, both North and South. The inland area sold well and had good momentum. In the Bay area, $KBH is transitioning out of old communities, opening new ones and expects to have community count growth in 3Q16.
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.