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Transportation services company $CHRW reported an increase in 1Q16 earnings. Net income rose to $118.9MM or $0.83 per share in 1Q16 compared to $106.4MM or $0.73 per share in 1Q15 helped by higher operating income. Total revenues decreased 6.9% to $3.07Bil versus last year.
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.