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Toys and games company $HAS' 1Q16 net revenues grew 16% compared to 1Q15. Absent unfavorable FX of approx. $28.6MM, net revenues grew 20% compared to 1Q15. Net revenues from the US and Canada and International segments were up 28% and 13%, respectively. Net revenues from the Girls category grew 41% and the Boys category grew 24%.
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.