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Beloit, Wisconsin-based $RBC said that after four quarters in a row of YoverY margin improvement, the company lost ground in 1Q16, hurt by the oil and gas and power generation businesses. $RBC said continues to rightsize its oil and gas related businesses and expects improved performance in 2H16.
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.