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$CF, a North American manufacturer and distributor of agricultural fertilizer, reported a steep fall in 1Q16 profit as higher costs pushed margins down. The company reported earnings of $26MM, or $0.11 per share, compared to $231MM, or $0.96 per share a year ago. Revenue rose to $1.0Bil.
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.