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Industrial products maker $DOV posted disappointing 3Q16 results, hurt by declines in longer cycle oil & gas exposed markets and production inefficiencies in company's retail refrigeration business. Net income fell 30% to $130.08MM, or $0.83 per diluted share from $186.09MM, or $1.19 per share a year ago. Revenue fell 4.4% to $1.70Bil.
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.