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Express segment's International Priority volume was down 5%, while International Economy grew 4%. $FDX's Express segment operating income grew 45% and operating margin grew 280 BP YoverY. The costs associated with the pending acquisition of TNT Express were immaterial for the quarter.
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.