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$BWA spent about 7.3% of sales on capital in 3Q15, which is above its long-term target of 5% to 6%. Capital spending is primarily from machinery and equipment. However, $BWA's growth over the next several years does require investments in new plants, plant expansions, which is driving elevated spending in the near term.
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.