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Clothing brand licensing company $ICON reported a 4Q15 loss of $263.01MM or $5.44 per share compared to profit of $17.53MM or $0.32 per share last year, due to a non-cash impairment charge related to certain trademarks and goodwill as well as special charges related to professional fees. Non-GAAP EPS fell to $0.25 from $0.45.
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.