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Technology company $ROP said that 2Q16 orders were up 9% and book-to-bill for the enterprise was 1.02. The company said that oil and gas was down 25% during the quarter. The delay in toll and traffic projects was due to slow initiation of Saudi's new zones. $ROP said that its GM was up 90 BP to 61% and EBITDA was $314MM through 3.6% of revenue.
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.