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FOMC Minutes: Activity in the housing sector improved somewhat in recent months but continued to be slow. Starts and building permits of both new single-family homes and multifamily units increased, on balance, in April and May. Sales of new homes rose in April; existing home sales moved down, although pending home sales increased.
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.