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In 1Q16, operating earnings from Vertically Integrated Utilities, $AEP's largest segment, decreased 7.2% YoverY to $277.6MM, while Transmission & Distribution Utilities, the second largest segment, grew 11% to $108MM. Operating earnings from AEP Transmission Holdco and Generation & Marketing segments were $43.9MM and $70.7MM, respectively.
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.