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$CREE said that for FY17, the company is targeting lighting and LED capital spending of $55MM plus or minus to support the continued operations. $CREE also stated that until the sale of Wolfspeed is completed, the company will continue to invest in capital to support the Wolfspeed business.
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.