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$ADP's Employer Services client revenue retention decreased a 160 BP during the quarter from elevated losses in legacy client platforms. PEO Services posted 18% revenue growth in quarter, a part of the 18% revenue growth was driven by increased benefit costs and higher benefit plan from their worksite employees.
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.