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Redmond, Washington-based tech giant $MSFT said that it is accelerating data center and cloud services investments to meet growing global demand. In 3Q16, the company invested $2.3Bil in total CapEx, including an increase of 65% YoverY primarily for data centers and servers.
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.