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Oilfield services company $BHI reported a wider 2Q16 loss due to decline in revenue and higher costs and expenses. Net loss widened to $912MM or $2.08 per share from $190MM or $0.43 per share a year ago. Net loss per share in the quarter includes $1.18 per share of adjusting items. Adjusted loss per share for the quarter was $0.90.
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.