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In Sept. 2015, $MRO stated its intention to scale back its conventional exploration program with an anticipated 2016 program of approx. $100MM, a drop of 60% as compared to the 2015 budget, subject to approval by Board of Directors. $MRO's conventional exploration focus will be redirected to existing commitments in the Gulf of Mexico and Gabon.
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.