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$CNP said in 2Q16, operating income for its natural gas utilities was $20MM. Operating income increased primarily due to rate relief and continued customer growth. These increases were offset by higher depreciation and taxes as well as increased contractor services expense related to integrity services and higher credit and collection activities.
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.