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$PM said that shares of HeatSticks, a heat-not-burn tobacco product marketed under Marlboro brand, rose at a steady pace reaching an estimated 2.7% in the last week of June. In 2Q16, HeatSticks share reached 2.2%, more than double the 1Q16 share. $PM is working to manage HeatSticks capacity & iQOS device supply to meet HeatSticks demand for 2016.
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.