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$UNP said it plans to invest $37.5MM in 2016 to improve Iowa's transportation infrastructure. The company's planned investment includes $30.7MM to maintain railroad track and $6.7MM to maintain bridges in the state. $UNP plans to spend $3.675Bil across its network this year, following investments totaling approx. $33Bil from 2006-2015.
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.