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Robert McCarthy of Stifel Nicolaus & Co asks about $MMM's strategy in Europe. CEO Inge Thulin said that U.K. accounts for 3% of the company's revenue and 2Q16 results were good in West Europe. Inge Thulin added that $MMM will not change its strategy in Europe based on the outcome of the Brexit.
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.