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Provider of integrated, customer care and billing services $CVG posted higher 1Q16 net income of $44.5MM or $0.43 per diluted share vs. $39.4MM or $0.37 per diluted share in 1Q15, helped by higher operating income results. Revenue fell 2% as reported and 1% on constant currency basis to $722MM vs. 1Q15.
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.