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$WHR said 1Q16 sales in EMEA were $1.2Bil versus $1.3Bil in 1Q15. Excluding currency, sales fell 3%. The company added that the topline was a little soft across Europe due to a slightly weaker industry of down 1%. Ongoing operating margin was 4.9%, a 220 BP increase compared to 1Q15 and in line with expectations for full year margin improvements.
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.