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PPI-FD Update: Over 40% of July increase in the index for final demand services is attributable to prices for guestroom rental, which jumped 9.9%. The indexes for automotive fuels and lubricants retailing; health, beauty, and optical goods retailing; securities brokerage, and dealing; computer hardware, software, and supplies also moved higher.
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.