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Senior citizen housing company $SNH posted higher 2Q16 earnings due to acquisitions and improved performance from properties owned. Net income was $39.2MM or $0.17 per diluted share vs. $36.4MM or $0.15 per diluted share in 2Q15. Revenue rose 5.6% to $261.4MM vs. 2Q15, helped by higher rental income and residents fees & services.
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.