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Energy services company $GAS had net income of $182MM in 1Q16, a decrease of $11MM compared to 1Q15. This decrease was due primarily to lower consolidated EBIT of $16MM largely driven by a $22MM negative weather impact , a $12MM EBIT decrease at wholesale services and $3MM in merger-related expenses in 2016.
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.