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$PCP 1Q16 Call: Investment Cast and Forged Products delivered a very solid performance. Airframe Products had a slow start due to fastener demand timing and new product development load to support contracted share gains. PCP deployed $498MM to acquisitions, which include CHI & Noranco and to share repurchases in 1Q16.
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.