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$ITW posted solid organic growth in consumer businesses such as automotive, equipment, parts of specialty & construction representing 60% of total revenues. These businesses are up 5%, so 60% of $ITW is growing at 5% in the tough environment. Industrial businesses like welding, test & measurement and electronics declined in high single digits.
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.