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ISM Mfg Index: Inventories of raw materials registered 53%, an increase of 1.5 percentage points from the May reading of 51.5%. The Prices Index registered 49.5%, the same reading as in May, indicating lower raw materials prices for the eighth consecutive month. New Export Orders Index registered 49.5% in June, slightly down from May.
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.