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For 3Q16, $SHLM said that its LATM segment reported revenues were down 3%, but excluding a large negative FX translation of $7.3MM, revenues rose 13%. APAC net sales were $46.9MM, down 11% from 3Q15, but after excluding the negative FX translation of $2.9MM, revenues fell 5.5%. Gross profit, excluding certain items was $8.1MM and GM was 17.2%.
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.