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Medical technologies firm $SYK reported 2Q16 organic sales growth of 6.6%, helped by growth in MedSurg and Neurotechnology segments. Organic growth in US was up 9% while sales outside the US were up 2%, impacted by ongoing destocking challenges in China. Pricing was down 1.3% from 2Q15.
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.