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$AMWD, which competes with $MAS, said in FY17 for the market it expects single-family housing starts to grow approx. 10%. Interest rates are expected to climb along with continued increases in the average price of new homes. The company added that growth is expected at roughly a mid-single-digit rate during FY17.
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.