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Provider of electric power generator $EIX said that its 2Q16 basic and core EPS is $0.85, down $0.31 per share than 2Q15. SCE's basic and core earnings are $0.21 per share lower and EIX Parent and Other are $0.10 per share lower. The lower earnings are mainly as a result of $0.31 per share of income tax benefits recorded in during 2Q16.
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.