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Oil and gas company $KMI announced a reduction of $4.1Bil in its project backlog in 1Q16. The two biggest adjustments are the removal of the Palmetto Pipeline project which is a reduction of $550MM and the market portion of the Northeast Energy Direct (NED) project which is a reduction of $3.1Bil.
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.