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Seth Sigman of Credit Suisse asks whether $HD has seen any major change in the trends exiting its 2Q16. CFO Carol Tome said that the company is not seeing any major change in the trends or demand outlook. She added that $HD is pleased with the August results even though parts of the country are flooded and a store got closed in Louisiana.
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.