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Color concentrates supplier $SHLM saw lower YoverY volumes and continued weakness in the oil, gas and materials markets in 2Q16. The company also experienced ongoing incremental costs due to the Lucent quality issue. These were the main reasons for the shortfall in the quarterly results.
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.