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$DE, an agriculture and construction equipment maker, posted lower 2Q16 results, hurt by global farm recession, weak construction-equipment markets and lower sales. $DE said net income fell 28.34% to $495MM, or $1.56 per share compared to $690.8MM or $2.03 per share a year ago. Revenue fell 3.61% for the quarter to $7.88Bil.
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.