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Durable Goods Orders: Manufactured durable goods new orders in May down $4.1Bil or 1.8% to $228.9Bil. This followed a 1.5% April decrease. Shipments of manufactured durable goods in May decreased $0.2Bil or 0.1% to $239.9Bil. Transportation equipment was down in four of the last five months.
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.