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Healthcare company $JNJ posted lower 1Q16 results, hurt by some provision for income taxes. $JNJ said net income fell marginally by 0.6% to $4.29Bil, or $1.54 per share compared to $4.32Bil or $1.53 per share a year ago. Sales to consumer rose marginally by 0.6% to $17.482Bil. Excluding items, $JNJ earned $1.68 per share.
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.