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During 3Q15, $FEYE's contract lengths in U.S. were shortened and declined an average size of 1MM plus transactions. As a result, North American region posted more in-line billings performance than it experienced quite a while. The net result was a shortfall in billings relative to the mid-point of the guidance range of about $20MM.
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.