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For 1H16, $BID reported net income of $63.1MM or $1.03 per share compared to $72.8MM or $1.04 per share in 1H15. The decrease is largely due to lower sales volumes associated with the decline in the art market. Total revenues in 1H16 declined to $405.1MM from last year.
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.