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On the three markets other than Houston, Phoenix is solidifying; Dallas is performing extremely well, seeing sales price increases; and Austin is just a transitional market from a standpoint where $LEN is moving through some communities and have some new communities that are about to open. Texas is seeing good job growth and is performing well.
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.