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On a constant currency basis, $BCR's 4Q15 net sales in the US grew 2%. Internationally, the company grew 5%, with Europe up 7%, Japan down 22% and other international geographies up 16%. The decline in Japan was due to the work down of inventory that was recorded as revenue when $BCR sold into its Japanese JV prior to the acquisition of the JV.
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.