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$PCLN, provider of online travel and related services, posted higher 4Q15 results, helped by accelerating growth in hotel room nights booked and higher revenues. $PCLN said net income rose 11.6% to $504.27MM, or $10.00 per share, and revenue rose 8.6% to $2Bil. Excluding items, $PCLN earned $12.63 per share.
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.