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$UPS is reaffirming its guidance for full-year 2016 diluted EPS of $5.70-5.90. For 1H16, $UPS generated $4.7Bil in cash from operations and $3.7Bil in free cash flow after incurring Capex of $1Bil. In 2Q16, the company paid dividends of about $1.3Bil, up 6.8% per share over 2Q15.
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.