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Anna Kaminskaya of BofA Merrill Lynch asks about $ACM's vertical construction end-market. CEO Michael Burke said $ACM had 25% organic growth in the Building Construction end-market in 2Q16 and it has a robust backlog in this space that will carry through the next few years. A slowdown would not happen for a couple of years.
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.