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Real estate investment trust $HCP posted profit for 1Q16 as compared to a reported loss a year ago, helped by higher revenue. $HCP said it reported net earnings of $115.76MM, or $0.25 per share vs. a net loss of $240.95MM, or $0.52 per share a year ago. Revenue rose 5% to $640.78MM. For the quarter, $HCP reported adjusted FFO of $0.69 per share.
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.