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The US Bureau of Labor Statistics also reported that food index for Nov. fell 0.1%, its first decline since March. The energy index had a decline of 1.3%, with all major component indexes falling except electricity. Over the last 12 months, the all items index increased 0.5% before seasonal adjustment, which is largest growth since Dec. 2014.
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.