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The Federal Open Market Committee (FOMC) today released the Minutes of the Meeting held on Oct. 27 and Oct. 28, 2015. The meeting suggested that real GDP was increasing at a moderate pace, but the improvement in labor market conditions had slowed somewhat in recent months. Inflation continued to run below FOMC's longer-run objective of 2%.
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.