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$WMB said it plans to reinvest about $1.7Bil into $WPZ through 2017, funded by reduced quarterly cash dividends. $WMB plans to reinvest $500MM into $WPZ in 2016 including $250MM in 3Q via private purchase of common units with balance in 4Q via the DRIP. An additional $1.2Bil is planned to be reinvested in 2017 via the DRIP.
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.