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$SONC CEO Cliff Hudson said that the company generated 6.5% same-store sales growth for the system in 2Q16. Continuous strength in core menu items, blended with effective limited-time-offer and value-based promotions, helped $SONC increase its market share. The company repurchased 2.7MM shares in 1H16, representing 5.2% of shares outstanding.
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.