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$TSCO, a retailer for farmers and ranchers, reported a rise in 2Q16 earnings driven by higher sales and the favorable impact of its ongoing margin initiatives. Net income rose to $156.43MM or $1.16 per share from $153.33MM or $1.12 per share last year. Net sales grew to $1.85Bil from $1.77Bil.
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.