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$TTC said 2Q16 Residential segment sales decreased 11.1% to $238.2MM. The decline was mainly due to lower channel demand for zero turn riders, somewhat offset by increased demand for walk power mowers, driven by new products. Residential segment earnings in 2Q16 totaled $35MM, up 0.4% from last year.
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.