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Label maker $AVY said that it anticipates a large increase in capital spending in 2016 compared to 2015, partly due to the carryover from the projects started in 2015. The company said that in Pressure-Sensitive Materials segment, it is investing in capacity to support growth in the graphics business.
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.