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Prescription drug distributor $MCK reported a 6% decline in 1Q17 earnings due to higher discontinued operations. Net income fell to $542MM or $2.38 per share from $576MM or $2.45 per share last year. Revenues grew 5% to $49.73Bil. Adjusted EPS increased to $3.50 from $3.14.
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.