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$BABA 1Q16 Call: Had good quarter with strong growth across core operating metrics. In 1Q16, GMV of China retail marketplaces reached RMB673Bil or US$108Bil, up 34% YoverY. The absolute dollar amount of additional GMV growth in 1Q16 vs. 1Q15 was about $28Bil in one quarter.
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.