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Online payments system operator $PYPL said its revenue grew 19.5% on a currency-neutral basis and 15.6% on a spot basis in 2Q16, helped by growth in core business and Braintree. Total payment volume grew 29%, with US payment volume up 27% and international volume up 21%.
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.