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$UFS announced an investment of $36MM for the installation of a second generating unit with a power output of 18 MW at its Windsor (Quebec) Mill. This investment will improve the energy efficiency of the mill while reducing production costs. The new generating unit will enter into service in the summer of 2017.
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.