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$CF projects FY16 CapEx of about $1.8Bil, consisting of about $1.2Bil for capacity expansion projects and $600MM of sustaining and other expenses. In 2H16, company expects capacity expansion projects and OCI merger to be complete. $CF expects capacity additions to fall in 2017 and beyond, and expects nitrogen demand to grow 2% per year.
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.