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$EMR's 2Q16 cost of sales was $2,934MM, a decline of $300MM compared with $3,234MM a year ago, mainly due to reduced sales volume, the impact of foreign currency translation and prior year divestitures. Gross profit margin rose 0.4 percentage points to 40.5% compared to 40.1% in 2015 due to savings from cost reduction and containment actions.
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.