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As of Nov. 30, 2015, $LEN reviewed its communities for potential indicators of impairments and identified 13 homebuilding communities with 931 homesites and carrying value of $121.7MM as having potential indicators of impairment. Of those, $LEN recorded valuation adjustments of $8.1MM on 209 homesites in 5 communities with $19.4MM carrying value.
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.