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Women's fashion and accessories retailer $CATO reported 2Q16 net income of $15.9MM or $0.57 per diluted share, up 1.9% versus $15.6MM or $0.56 per diluted share in 2Q15, helped by lower incentive compensation and favorable adjustments to effective tax rate as a result of continuing tax initiatives.
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.