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$RAI said that Newport's pro forma volume in 2Q16 was down about 0.5% versus 2q16 and was up about 2% when adjusting for wholesale inventory changes. Newport increased its 2Q16 retail market share by 0.5 percentage point from 2Q15 to 13.9%. Newport's market share growth came from both its core menthol style as well as its non-menthol style.
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.