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$TJX 2Q16 Q&A: Hutchinson of Bank of America Merrill Lynch asked if TJX continues to see opportunity of goods coming out of last year and early this year as ports slowed down. Scott answered that there was always stragglers of merchandise that was stuck in the ports. In terms of the magnitude relative to businesses, it was not that big.
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.