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In 1Q16, $EMC said the demand for Isilon, its scale-out FILE platform plus ECS or software-defined object platform was up more than 20%. The company's VxRack platform was ahead of plan in 1Q16 while in the appliances space, initial response to VxRail has been good. In cloud services, demand for the Virtustream enterprise cloud grew more than 50%.
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.