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$CTXS said that its restructuring plans are intended to generate permanent expense reductions allowing the company to execute more efficiently, while also driving scalability into the future. In 2Q16, the company stated that it posted 28% adjusted op margin, up 370 BP from 2Q15 and is well ahead of its stated goal of reaching 30% in FY17.
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.