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$PERY, owner of brands such as Ben Hogan and Grand Slam, posted a loss for 4Q16, hurt by negative impact of foreign currency, non-cash impairment charges and lower revenue. $PERY said it posted a net loss of $17.7MM, or $1.18 per share, and revenue fell 1.5% to $214MM. Excluding items, $PERY posted an earnings of $0.35 per share.
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.