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$XYL's total backlog was $716MM at Dec. 31, 2015 and $740MM at Dec. 31, 2014. $XYL anticipates that more than 81% of the backlog at Dec. 31, 2015 will be recognized as revenue during 2016. $XYL invested $95MM and $104MM in research and development in 2015 and 2014.
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.