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Health food producer $WWAV, which agreed to be acquired by French food giant Danone, reported a higher quarterly profit as strong demand in its Americas and Europe regions boosted revenue. The company reported 2Q16 earnings of $52MM, or $0.29 per share, up from $37MM, or $0.21 per share a year ago. Revenue increased by 14% to $1.05Bil.
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.