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$PHM's home sale revenues for 1Q16 jumped by 28% from last year. This rise was attributable to 9% rise in average selling price and a 17% rise in closings, both of which include assets acquired from Wieland. Such assets contributed 5% to growth in revenue, including 3% to growth in closings and 1% to rise in average selling price.
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.