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California-based company $MAT said it made good progress against its cost reduction goals in 2Q16. The company is pleased with the strength of its licensing partnerships, exemplified by recent announcements with Universal on Fast & Furious and The Jurassic World franchise. These will provide opportunities to accelerate growth in 2017 and beyond.
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.