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$COL said that its 1Q16 income from continuing operations decreased $36MM or 21% and EPS from continuing operations decreased $0.26 or 21% compared to the same period last year. Income from continuing operations includes a $28MM after-tax or $0.21 per share, restructuring charge primarily related to headcount actions across the company.
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.