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$AA General Update: Alcoa announced that it will permanently close its Poços de Caldas primary aluminum smelter in Brazil on June 30, 2015. As a result of the closure, Alcoa expects to record restructuring-related charges in 2Q15 between $100MM and $110MM after-tax or $0.08-0.09 per share, of which approx. 60% is non-cash.
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.