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$MCK's adjusted gross profit for 2Q16 decreased by 1% to $2.9Bil. Total adjusted operating expenses of $1.8Bil were down 7% for the quarter on a reported basis and down 1% on a constant currency basis. Adjusted other income was $17MM. Interest expense of $91MM, decreased 4% on a reported basis and 2% on a constant currency basis.
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.