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DCP Midstream, a joint venture by both $SE and $PSX, is engaged in various self-help initiatives including the sale of $200MM of underperforming assets, reducing base cost by approx. $70MM and launching the restructuring of its commodity sensitive contracts.
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.