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$SKT said it now owns 100% of Tanger Outlets Westgate located in the Greater Phoenix market after completing the acquisition of its partners' ownership interests on June 30, 2016. The partners received cash consideration of about $41MM for their 42% stake in the JV, which Tanger funded with borrowings under its unsecured lines of credit.
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.