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Energy company $LNT said its Wisconsin utility received verbal approval today to build its Riverside Energy Center expansion located near Beloit, Wisconsin. The project is scheduled to break ground this fall, with construction ramping up in the spring of 2017. The investment will be approx. $700MM.
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.