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$SJM 1Q16 Call: Net sales increased 47% to nearly $2Bil, driven by addition of Big Heart Pet Brands, & strong first quarter for Coffee. Excluding acquisitions and foreign exchange, sales grew 6%. May 1st launch of Dunkin' Donuts (R) K-Cup (R) in U.S. retail channels has exceeded our initial expectations, and drove large portion of the increase.
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.