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$CAM 2Q15 Q&A: JPMorgan’s Sean questioned on visibility today for larger, midstream or downstream projects on V&M. Jack said the valve business covers a large portfolio in upstream side, but CAM is actively a midstream player with the pipelines, and then a small percentage on downstream side. Currently, downstream segment is doing well, he added.
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.