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$PCAR CEO Ron Armstrong said that strong balance sheet and positive cash flow have enabled the company to invest about $3.3Bil in new products and facilities in the last five years. The company expects capital spending of $325-375MM for 2016.
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.