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Akshay Jagdale of Jefferies asks about the pork operating environment. $HRL CFO Jody Feragen said the pork operating margins for 2016 were a bit higher than initially expected in 2Q16 call, supported by a great supply of hogs. She added for FY17, the company would expect them to be somewhat similar to FY16 at this point in time.
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.