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FOMC Minutes: Total nonfarm payroll employment continued to expand at a solid pace in June. The unemployment rate declined to 5.3%, its lowest reading so far this year, and the share of workers employed part time edged lower; however, the labor force participation rate and the employment-to-population ratio both moved down.
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.