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In 2Q16, $IP's Consumer Packaging business experienced an improved quarter driven by good operations, effective cost management and the lack of maintenance outages. In Printing Papers, earnings improved due to lower outage costs associated with Riegelwood. The Ilim JV saw volume growth of almost 5% YoverY.
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.