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$PM's 2Q16 net revenues and adjusted operating companies income (OCI) rose by 1.4% & 1.8% respectively, excluding currency. Adjusted OCI growth reflected favorable pricing, partly offset by negative volume mix especially in EEMA & Asia regions, and higher costs related to commercialization of iQOS. Adjusted diluted EPS rose by 1.4%, ex currency.
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.