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Chicago, Illinois-based energy company $EXC said that it is reducing its costs by $350MM in 2016, and will continue to shift its business mix to more regulated exposure. The strategic acquisition of Pepco will raise the capital investment from the current $18Bil to $25Bil over the next five years, said the company.
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.