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Maker of device-based medical therapies $MDT posted 2Q16 revenue of $7.058Bil, up 6%, while on a reported basis, revenue increased 62% vs. 2Q15. As reported net income and diluted EPS decreased 37% and 57% respectively, driven by a non-recurring tax adjustment resulting from internal reorganization due to the Covidien integration.
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.