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Burger company $MCD reported a 35% jump in 1Q16 earnings helped by lower restaurant expenses and a decline in operating costs and expenses. Net income rose to $1.1Bil or $1.23 per share from $811.5MM or $0.84 per share last year. Revenue slid 1% to $5.90Bil. Excluding impact of items, EPS in constant currencies would have rose $0.26 or 26%.
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.