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$IP said that the Riegelwood conversion has been completed on time and on budget in April, and start up and qualification of the machine has commenced. Production of softwood market pulp is underway and the company expects to move to the qualification of fluff pulp. $IP expects to begin fluff trials in 3Q16.
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.