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Energy Company $AEE said it is moving forward with plans to file for an electric rate increase in early July. On a long term basis, $AEE expects 6.5% compound annual rate base growth from 2015 through 2020. For 1Q16, lower electric & natural gas sales volumes reduced earning with milder winter temperature accounting for about $0.10 decline.
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.