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Electricity distribution company $EIX reported a net loss of $79MM or $0.24 per share in 4Q15 compared to net income of $420MM or $1.29 per share in 4Q14 hurt by lower operating income. Total operating revenues fell to $2.3Bil from $3.1Bil last year. Adjusted core earnings were $287MM or $0.88 per share in 4Q15.
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.