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Personal Income & Outlays: In June, real consumer spending was flat to May; Personal income increased 0.4% in June & May: wages & salaries rose 0.2%; Current-dollar DPI, after-tax income, increased 0.5%; Real DPI (adjusted for taxes & inflation), increased 0.2% and Real PCE was flat. PCE prices up 0.2%. Personal saving rate was 4.8% vs. 4.6% in May
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.