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Brian Lee of Goldman Sachs asks for an update on the Stateline project. $FSLR CEO Mark Widmar said 96% or somewhere in the upper 90s of Stateline has been completed and the vast majority of the revenue related to the sale to Southern has been recognized through 2Q16. He said $FSLR has about 4% of sales left and the project will achieve COD in 3Q16.
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.