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The goods and services deficit grew 3.3% to $43.9Bil in Oct., compared to a revised $42.5Bil in Sept., said the Department of Commerce. Exports of goods and services fell 1.4% to $184.1Bil, and imports of goods and services dropped 0.6% to $228Bil for the month of Oct. The goods and services deficit increased 5.3% to $22.2Bil YTD.
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.