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Oil and natural gas producer $SWN said that it continues to drive cost out of the system and optimize the base production. During 2Q16, the company beat the top end of production guidance by 10 Bcf equivalent, while the cost metrics came in below guidance. $SWN is reinitiating economic drilling & completion activities in each operating area.
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.