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$VRTX's operating costs and expenses for 1Q16 increased by 33% from last year. This increase was primarily due to increases in research and development expenses, sales, general and administrative expenses and cost of product revenues. In near term, $VRTX expects net loss (income) to be dependent on expected rises in Orkambi product revenues.
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.