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$CAT 2Q15 Call: Resource Industries sales declined 11% YoverY. Mining sales continued to weaken for both new equipment and to a lesser degree for aftermarket parts. Energy & Transportation sales declined 12% YoverY. Oil and gas related sales were lower given the oil price declines over the past year and softening investment by oil producers.
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.