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$MSFT said that in Productivity and Business Processes, 3Q16 revenue is expected to be $6.4-6.5Bil. For the Intelligent Cloud segment, revenue expectation is between $6.1-6.3Bil. For More Personal Computing, revenue is expected between $9.1-9.4Bil. $MSFT expects continued momentum in Surface with Surface Book expanding in 2 additional countries.
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.