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Chinese Internet technology company $NTES reported 2Q16 net income attributable to shareholders of $409.4MM or $0.12 per diluted share, up 78.2% versus $229.7MM or $0.07 per diluted share in 2Q15, helped by growth in all business segments. Diluted earnings per ADS grew 78.2% to $3.10 in the quarter.
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.