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$PNY's margin for 2Q16 declined to $224.36MM from $225.62MM in the previous year quarter. The decrease is primarily attributable to lower margin sales from secondary market activity and warmer weather, partially offset by integrity management rider (IMR) rate adjustments in North Carolina and Tennessee and customer growth.
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.