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$APA posted a narrower loss in 2Q16, helped by lower expenses compared to 2Q15. Net loss attributable to common stock was $244MM or $0.65 per diluted common share compared to $860MM or $2.28 per diluted common share last year. Revenue declined about 38.5% from last year to $1.38Bil. Adjusted loss totaled $99MM or $0.26 per share in 2Q16.
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.