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Natural gas distributor $SCG posted lower 1Q16 results, hurt by abnormally mild winter weather and lower revenue. $SCG said net income fell 56% to $176MM, or $1.23 per share compared to $400MM, or $2.8 per share a year ago. Operating revenue fell 15.6% to $1.17Bil, hurt by gas-regulated and non-regulated segment revenue fall.
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.