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With regards to Brexit, $EBAY said that with a weaker pound, it expects UK exports to be higher, driving a strong start to the quarter for its international business. This will be offset by weaker UK import demand, particularly in U.S. corridor. $EBAY added that it is yet to see the impact of an economic slowdown on the UK domestic marketplace.
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.