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PPI-FD Update: The index for final demand services moved up 0.4% in July, the largest rise since Oct. 2014. Over 60% of the broad-based advance can be traced to a 0.4% increase in index for final demand services less trade, transportation & warehousing. Margins for final demand trade services rose 0.4%.
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.