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In relation to the commercialization of reduced-risk products (RRPs), $PM has announced an investment of up to EUR500MM over three years in its first manufacturing facility in European Union and an associated pilot plant in Italy to produce RRPs. When fully operational by 2016, $PM expect to reach an annual production capacity of up to 30Bil units.
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.