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San Ramon, California-based $CVX said its U.S. upstream operations incurred a loss of $1.95Bil in 4Q16, compared to earnings of $432MM from a year earlier. U.S. downstream operations earned $496MM, compared with earnings of $889MM a year earlier. Total Upstream incurred a loss of $1.36Bil while total Downstream earned $1.0Bil in the quarter.
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.