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$BBY 2Q16 Q&A: McShane of Citi Investment Research asked with robustness especially in TVs, does BBY expect any alleviation in price competition as innovation remains exciting in holiday season YoverY. Hubert answered that there are powerful trends from demand standpoint around appliances, TVs, health & sickness etc. Competitive landscape changed.
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.