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Brad Heffern of RBC asks about chemicals performance during 1Q16, being stronger than the macro environment. $XOM IR Jeffrey Woodbury said that chemical demand growth growing at about 1.5% above GDP sets up the investment proposition going forward. Looking across the segment, commodities have been growing strong, particularly in Europe and Asia.
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.