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$CPB reported a loss in 4Q16, hurt by higher other expenses compared to 4Q15. Net loss attributable to the company was $81MM or $0.26 per diluted share compared to net earnings attributable to the company of $17MM or $0.05 per diluted share last year. Sales were $1.687Bil in the quarter versus $1.693Bil in 4Q15. Adjusted EPS was $0.46 in 4Q16.
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.