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In total, $UNP said that it invested $4.3Bil in its 2015 capital program. For 2016, the company is targeting around $3.75Bil, pending final approval by its BoD. More than half of $UNP's planned 2016 capital investment is replacement spending to harden its infrastructure, replace older assets and to improve safety and resiliency of the network.
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.