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$MSFT's revenue from major segments except cloud business fell for 2Q16. In Productivity and Business Processes segment, which includes Office and Office 365, revenue fell 2% to $6.7Bil. Revenue in Intelligent Cloud segment rose 5% to $6.3Bil. Revenue in More Personal Computing segment, which includes sales of the Windows OS, fell 5% to $12.7Bil.
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.