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Data-storage equipment maker $EMC reported lower 4Q15 earnings on flat revenues. Net income fell 32.7% to $771MM or $0.39 per share from $1,147MM or $0.56 per share last year. For the quarter, revenue was almost flat YoverY at $7.014Bil compared to $7.048Bil the previous year. Adjusted earnings for the quarter were $1.3Bil or $0.65 per share.
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.