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John Kim of BMO Capital Markets asks for an update on Seattle. $ESS said a 3.5% job growth in Seattle will take care of supply in the marketplace. In rent and median growth, Seattleâs current ratio is around 21% and long-term avg. is around 18%. Seattle has median household income levels at the $80,000-90,000 range and rents are priced 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.