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Investment banking and capital markets company $LUK reported a rise in 2Q16 earnings driven by improved results from Jefferies and strong results for National Beef. Net income rose to $70.61MM or $0.15 per share from $15.03MM or $0.04 per share last year. Net revenues fell to $2.63Bil from $2.84Bil.
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.