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Industrial machinery supplier $FLS reported 4Q15 net earnings attributable to the company of $71.4MM or $0.54 per diluted share, down 55.1% versus $159MM or $1.16 per diluted share in 4Q14, hurt by lower sales in the Engineered Product Division (EPD) and Flow Control Division (FCD). Revenue fell 6.8% to $1.29Bil versus $1.38Bil YoverY.
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.