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$VZ, the No. 1 U.S. wireless carrier, posted higher 1Q16 results, helped by marginally higher revenue. $VZ said net income attributable to Verizon rose 2.1% to $4.31Bil, or $1.06 per share compared to $4.22Bil or $1.02 per share a year ago. Revenue rose marginally by 0.5% to $32.17Bil.
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.