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$PG reported 2Q16 net sales of $16.9Bil, down 9% from 2Q15, due primarily to foreign exchange impacts. Organic sales, which exclude the impact of foreign exchange and acquisitions and divestitures, grew 2% in the quarter, while organic volume declined 2%. Pricing increased net sales in all five business segments and increased total net sales by 3%.
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.