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Business information provider $DNB reported a 27% drop in 1Q16 earnings due to negative impact by acquisition-related expenses. Net income fell to $30MM or $0.82 per share from $41MM or $1.13 per share last year. Total revenues rose to $375MM from $356.2MM. Adjusted EPS decreased to $1.18 from $1.29.
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.