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Specialty chemicals maker $EMN reported a rise in 1Q16 earnings driven by lower costs and expenses despite a decline in sales due to decline in Chemical Intermediates. Net income rose to $251MM or $1.69 per share from $171MM or $1.14 per share last year. Sales fell to $2.24Bil from $2.44Bil. Excluding non-core items, EPS slid to $1.71 from $1.84.
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.