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Oil and gas producer $CXO reported a wider 2Q16 loss due to lower average realized price for oil and natural gas as well as lower net production volumes. Net loss widened to $265.69MM or $2.04 per share from $120.48MM or $1.02 per share last year. Operating revenues dropped to $396.3MM from $537.43MM. Adjusted EPS fell to $0.26 from $0.38.
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.