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Semiconductor systems company $MU reported a net loss of $170MM or $0.16 per share in 4Q16 compared to a net income of $471MM or $0.42 per share in 4Q15 hurt by lower revenues. Adjusted net loss was $56MM or $0.05 per diluted share in 4Q16. Revenues were $3.22Bil, down 11% compared to 4Q15.
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.