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In 1Q16, $XEL said weather-adjusted electric sales declined by 0.3%. Adjusting for the impact of an extra day of sales in the quarter due to the leap year, weather-adjusted electric sales declined by 1.4%. The company has lowered its full-year electric sales growth assumption to 0.5% from the 0.5-1% range.
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.