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$HRL's segment profit for Refrigerated Foods for 2Q16 grew 13% on strong pork operating margins, addition of Applegate business, and growth in many of value-added products. Sales were up 7% led by foodservice sales of OLD SMOKEHOUSE bacon and FIRE BRAISED meats and increased retail sales of NATURAL CHOICE meats and HORMEL pepperoni.
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.