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$BBY 2Q16 Call: Non-GAAP operating income rate of 3.4% exceeded expectations due to higher growth profit rate in computing business, higher growth profit rate in services business due to profit-sharing payments of externally managed extended service plant portfolio, extended warranty deferred revenue adjustments.
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.