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$MAC said that when tenants' leases expire, there is substantial rent growth from the time that the leases are signed. The company as a result, is confident that rent spreads are sustainable and that it will continue to be a big driver of same-center NOI growth going forward.
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.