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$STZ's gross margin for 3Q16 rose to 44.7% from 41.4% in prior year quarter. This is primarily due to lower Beer and Wine and Spirits' cost of product sold, favorable product mix shift for Beer and Wine and Spirits, favorable impact from Beer pricing in select markets, benefit from purchase of Meiomi and fall in Comparable Adjustments.
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.