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Auburn Hills, Michigan-based auto parts supplier $BWA said it is on pace to ship about 15,000 single-speed transmissions for pure electric vehicles in China in 2016. The company also stated that it is not seeing any real shift in mix between gas and diesel in the short run.
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.