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US homebuilder $PHM posted 1Q16 net income of net income of $83MM or $0.24 per diluted share compared with net income of $55MM or $0.15 per diluted share in 1Q15. Total revenue was $1.4Bil, up from $1.3Bil reported in the previous year. Net new orders increased 24% to $2.1Bil and backlog expanded by 31% to $3.4Bil 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.