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Specialty glass & ceramics maker $GLW said its 4Q15 earnings fell 77% to $224MM or $0.17 per share from a year ago quarter, hurt by increase in operating expenses & contraction of gross margin. Sales fell 7% YoverY to $2.23Bil due to sales decline in the company's Display Technologies (14%), Specialty Materials (14%) & Life Sciences (6%) segments.
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.