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$STZ said that during FY16, for the wine and spirits business, the company delivered overall earnings growth and margin expansion. The Canadian wine business exceeded its financial goals and grew market share. For FY16, consolidated gross profit rose $373MM or 14% YoverY for the company with GM rising 220 BP.
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.