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Industrial conglomerate $HON posted 1Q16 net income of $1.2Bil or $1.53 per diluted share compared with net income of $1.1Bil or $1.41 per diluted share in 1Q15. Net sales were $9.5Bil, up from $9.2Bil in 1Q15. The company repurchased over $1Bil of shares during the quarter, and funded approx. $40MM in new restructuring projects.
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.