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In 1Q16, emerging markets were up about 3.5% as $MDLZ priced to recover currency-driven inflation to protect profitability. Developed markets grew 1.3%. All of this growth was driven by vol/mix including solid growth in Europe and North America. Power Brands were up nearly 4% in line with categories.
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.