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$FE said its subsidiary Jersey Central Power & Light (JCP&L) is doing construction work this summer and throughout remainder of 2016 on distribution and transmission infrastructure projects totaling about $387MM in its northern and central New Jersey service areas. To date, more than $233MM has been spent on various projects.
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.