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At 2Q16-end, $KBH had cash, cash equivalents and restricted cash totaling $278.4MM. Inventories totaled $3.53Bil, with investments in land acquisition and development totaling $702.6MM for the six months ended May 31, 2016. Lots owned or controlled were 47,283, of which 82% were owned.
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.