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$MO posted a 13.5% increase in 2Q16 earnings, helped by higher operating companies income in the smokeable and smokeless products segments versus 2Q15. Net earnings were $1.65Bil or $0.84 per diluted share versus $1.45Bil or $0.74 per diluted share in 2Q15. Net revenue fell 1.4% from last year to $6.52Bil. Adjusted diluted EPS was $0.81.
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.