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Restaurant operator, $DRI today reported its FY 1Q16 results. It recorded total sales of $1.69Bil, an increase of 5.7%. Gene Lee, CEO said, "Our brands performed well in 1Q16. We continue to make progress on our operating fundamentals of culinary innovation, attentive service and engaging atmospheres and are focused on disciplined cost management."
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.