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$OI's net sales for 2Q16 increased by 14% from last year. The company's investment in non-organic growth is driving the top line higher, the purchase of Vitro's food and beverage business generated $234MM in net sales due to strong shipments within Mexico and to the U.S. Price was up $18MM on price adjustments that reflect cost inflation.
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.