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Tire maker $GT reported a rise in 2Q16 earnings driven by lower costs and expenses, fall in taxes and higher operating margins across all three business units. Net income rose to $202MM or $0.75 per share from $192MM or $0.70 per share last year. Adjusted EPS increased to $1.16 from $0.84.
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.