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$CAT said its Energy & Transportation's sales were $3.278Bil in 1Q16, a decline of $1.637Bil, or 33% from 1Q15. The decrease was primarily the result of lower sales volume. Sales decreased in all applications with more than 80% of the decline in oil and gas and transportation.
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.