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PPI-FD Update: Producer Price Index for final demand advanced 0.2% in July, seasonally adjusted. Final demand prices rose 0.4% in June and rose 0.5% in May. On an unadjusted basis, the final demand index moved down 0.8% for the 12 months ended in July, the sixth straight 12-month 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.