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Andrew Kaplowitz of Citi asks for an update on organic services orders. CEO Jeff Immelt said in 2H16 in services $GE expects orders to be mid single-digits positive. He added that 5% organic growth in 1H16, backlog growth and the company's visibility in 2H16 are all positive around services.
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.