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Melville, New York-based $MSM said after a meaningful improvement in the March 2016 MBI reading to 49.7%, April and May readings dropped significantly to about the 45% level. On a rolling 12-month average, the MBI currently sits at 45.3%, which implies the continued and significant contraction in metalworking manufacturing activity levels.
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.