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Durable Goods Orders: Nondefence new orders for capital goods down $5.2Bil to $74.3Bil. Shipments were down 0.6% to $79.3Bil. Defence new orders for capital goods were up $0.7Bil or 8.2% to $8.8Bil. Revised seasonally adjusted April figures for all manufacturing industries: New orders, $474.5Bil; shipments, $481.5Bil; unfilled orders, $1,201.2Bil.
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.