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$EMN said Chemical Intermediates segment sales decreased in 2Q16. Operating earnings fell due to lower selling prices, more than offsetting lower raw material costs and higher planned maintenance costs. The company expects 2H16 earnings to be below 1H16, with sequential improvement for both 3Q16 and 4Q16. which should continue into next year.
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.