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Oil producer $CVX reported a 2Q16 loss of $1.47Bil or $0.78 per share compared to $571MM or $0.30 per share last year, due to lower oil prices and a decrease in revenues. The latest quarter loss included $2.8Bil impairments and other non-cash charges. Total revenues dropped to $29.28Bil from $40.36Bil.
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.