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Packaging company $SEE reported a rise in 2Q16 earnings driven by lower restructuring and a decline in costs and expenses. Net income rose to $49.6MM or $0.25 per share from $28.1MM or $0.13 per share last year. Net sales slid to $1.73Bil from $1.79Bil. Non-GAAP EPS increased to $0.65 from $0.60.
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.