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DOL Jobless Claims Report: The advance number of actual initial claims under state programs, unadjusted, totaled 344,002 in the week ending July 11, up 40,416, or 13.3%, from the previous week. The seasonal factors had expected an increase of 59,887, or 19.7%, from the previous week. There were 370,559 initial claims in the comparable week in 2014.
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.