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Electrical products provider $ETN said 1Q16 was slightly ahead of original expectations coming in at the upper half of the range. Margins were in line with guidance. Excluding restructuring costs, margins were 15.1%. Cash flow was $371MM in 1Q16.
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.