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Drug company $PRGO reported higher 2Q16 results, helped by lower expenses in the quarter. $PRGO said net income rose 244.5% to $194.3MM, or $1.35 per share from $56.4MM, or $0.38 per share in the same quarter a year ago. Revenue fell 3.3% to $1.49Bil. Excluding items, $PRGO earned $1.93 per share, down 11% YoverY.
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.