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According to U.S. Census Bureau, inventories of manufactured durable goods dropped for the fifth time in the last 6 months in Oct. by $0.7Bil or 0.2% to $397.4Bil. This followed a 0.6% decline in Sept. Primary metals fell for the ninth straight month led the decrease, $0.3Bil or 0.9% to $35.7Bil.
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.