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$PEG 2Q15 Call: New Jersey Board of Public Utilities has begun proceedings related to PSE&G’s proposed $1.6Bil gas system modernization program. This will provide for continuation of the work underway to replace 800 miles of cast iron & bare steel pipe over 5 years to enhance reliability and reduce potential for harmful emissions of methane gas.
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.