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$LLY said that for 1Q16 non-GAAP net income fell 4% to $882.3MM, and diluted EPS fell 5% to $0.83 vs. $923.7MM and $0.87 respectively, in 1Q15. The declines in net income and EPS were hurt by lower operating income and lower other income, partially offset by lower income taxes.
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.