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$WEC said the company expects its 2016 and 2017 capital budgets at $1.55Bil and $1.9Bil respectively. Consolidated operating income for 1Q16 was $589.3MM compared to an adjusted $367.6MM a year ago. $WEC also said that earnings from the Integrys company drove an increase in its consolidated income tax expense of $90.2MM.
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.