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$PM's European Union, EEMA and Latin America & Canada regions reported an increase in cigarette shipment volume, while Asia cigarette shipment volume fell in 1Q16. Total cigarette shipment volume fell 1.4% versus 1Q15. Cigarette shipment volume of Marlboro, L&M, Parliament and Philip Morris brands increased in 1Q16.
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.