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In Sept. 2015, $MRO had intention to scale back its conventional exploration program, with future exploration investment focused on meeting the existing commitments in the Gulf of Mexico (GoM) & Gabon. In April 2016, $MRO decided not to drill any of its remaining GoM undeveloped leases & expects a non-cash impairment charge of $140-150MM in 2Q16.
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.