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$D said at Dominion Virginia Power, EBITDA for 2Q16 was $363MM, which was in the lower half of its guidance range. The company added that the negative drivers for the quarter were higher major storm restoration costs and lower kilowatt-hour sales, mainly due to mild weather. These were partially offset by growth in rate base and lower OpEx.
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.