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Technical and management-support services provider $ACM reported a jump in 2Q16 earnings driven by growth in the Americas, continued strong cash generation and additional debt cut. Net income rose to $41.83MM or $0.27 per share compared to $266,000 last year. Revenue fell to $4.38Bil from $4.51Bil. Adjusted EPS grew to $0.87 from $0.58.
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.