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$MTX's 2Q16 operating income, excluding special items, was $70MM vs. $72MM in 2Q15. Operating margins rose 5% to 16.4% of sales despite continued weakness in Energy Services. 1H16 cash flow was $102MM, and free cash flow rose to $71MM from $66MM in 1H15. Debt principal payments were $50MM, totaling $90MM for 1H16.
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.