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$XOM said global demand for electricity is expected to rise by 65%, and 85% of rise is in non-OECD nations. The share of the worldâ??s electricity generated by coal is seen to fall to about 30% in 2040 from about 40% in 2014. Asia Pacificâ??s net imports are projected to rise by more than 50% by 2040 as domestic output remains steady and demand rises.
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.