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Citigroup analyst Michael Bilerman questions $BXP whether it needs outside commitment to get tenants into the Colorado Center project. President Douglas Linde says that $BXP has discussed with its partners that common areas need to be refreshed in a more significant way than simply painting & carpeting, and so it has hired design professionals.
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.