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$SRE said SoCalGas is cooperating with the Division of Oil, Gas and Geothermal Resources and the California Public Utilities Commission on the root cause investigation through their contractor Blade Energy Partners. The company expects the investigation to take about 6-9 months with the results to be issued by the agencies late 2016 or early 2017.
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.