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$FLIR's 2Q16 consolidated GM was 46%, down 273 BP from 2Q15, mainly due to changes in product mix, manufacturing costs under absorption & additional costs related to the ramp-up of low-cost IR lens capability. The company said that due to cost control measures, $FLIR's OpEx fell by $1MM YoverY in spite of adding expenses related to DVTEL business.
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.