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$WAB CEO Ray Betler said that the company saw good performance in its Transit business with revenue growth, improved profitability & strong backlog, while the Freight business continues to be affected by rail industry conditions & a dull economy. As a result, $WAB is focused on reducing costs, generating cash & investing in growth opportunities.
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.