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PPI-FD Update: In Dec. 2015, the fall in final demand index was due to a 0.7% fall in prices for final demand goods. On the contrary, the index for final demand services moved up 0.1%. Within intermediate demand, the index for processed goods fell 1%, prices for unprocessed goods fell 3% and the index for services rose 0.2%.
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.