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Energy company $CVX said cash CapEx for 2Q16 was $4.5Bil, down over $3Bil YoverY and down more than $1Bil sequentially. The company added that it has been successful with its upstream divestment program, which is impacting production. Transactions closed in 2016, represented daily production rate of just over 40,000 barrels a day.
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.