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Saint Paul, Minnesota-based $MMM said that sales growth from the Electronic and Energy business segment declined low double-digit in 1Q16. The company said that the segment continues to be impacted by softness in the consumer electronics market and the trend is expected to persist through the first half of 2016.
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.