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Data communications and telecom equipment provider $MSI reported a lower 1Q16 profit, hurt by forex losses and margin weakness. $MSI maintained its FY16 outlook, and said 2Q16 revenue will rise from a year ago due to the company's Airwave acquisition.
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.