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Communication services company $FTR reported net loss of $240MM or $0.21 per share in 1Q16 compared to $51MM or $0.05 per share in 1Q15, hurt by lower operating income. Revenues dropped to $1.35Bil from last year. Adjusted net income was $14MM or $0.01 per share for 1Q16.
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.