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$WRK's 4Q15 earnings declined 58% to $0.44 per diluted share and net income fell 25% to $115.8MM from a year ago, hurt by $112MM of pre-tax restructuring and other costs. Its revenues also fell 5% YoverY to $3.87Bil, which is partly attributable to FX impact of $141MM and lower revenue after the sale of MWV European tobacco business of $44MM.
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.