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$EIX reaffirmed its 2016 basic EPS guidance of $3.82-4.02 and core EPS outlook in the range of $3.81-4.01. CEO Ted Craver said $EIX reaffirmed forecast based on 2Q results and more favorable Southern California Edison (SCE) earnings expected for balance of year.
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.