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Sunnyvale, California-based $YHOO posted 1Q16 net loss attributable to the company of $99MM or $0.10 per diluted share compared to net earnings of $21MM or $0.02 per diluted share in 1Q15. Revenue was $1.09Bil as compared to $1.23Bil last year. Non-GAAP diluted EPS was $0.08.
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.