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The U.S. Census Bureau and the Department of Housing and Urban Development revealed that privately-owned housing units authorized by building permits were at seasonally adjusted annual rate of 1.15MM in Oct., up 4.1% from 1.105MM in Sept. Housing starts fell 11% to 1.06MM from last month and housing completions slid 6% to 965,000.
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.