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$GXP said overall retail megawatt hour (MWh) sales were down 5.3% in 1Q16 vs. the 2015 period with the decrease driven by weather. The unfavorable weather impact in the quarter, when compared to normal, was approx. $0.05 per share. On a weather-normalized basis, for the 12 months ended March 31, 2016, retail MWh sales rose an estimated 0.4%.
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.