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Housing Starts Update: Privately-owned housing completions in June were at a seasonally adjusted annual rate of 972,000, 6.7% below the revised May estimate of 1,042,000 and 22% above the June 2014 rate of 797,000. Single-family housing completions in June were at a rate of 647,000, 0.3% below the revised May rate of 649,000.
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.