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In 3Q16, $ORCL's IaaS expenses on a constant currency basis fell vs. 3Q15 primarily due to a decrease in sales and marketing expenses. Total cloud IaaS expenses rose during the first nine months of FY16 mainly due to increased employee-related expenses related to increased headcount and increased infrastructure expenses.
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.