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Maker of spirits and wine $BF.A $BF.B said that 1Q17 underlying net sales excluding excess taxes grew 2%. The company stopped distributing some agency brands, which negatively impacted topline growth, but had little impact on the bottom line. Global results were down by disappointing performance in emerging markets. US underlying net sales grew 5%.
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.