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$CSCO's 2Q16 revenue from Americas fell by $0.2Bil vs. 2Q15, mainly due to the sale of SP Video CPE Business. Revenue in APJC grew $0.2Bil, led by product revenue growth in China. EMEA revenue was flat. The company said that the BRICM countries experienced product revenue growth of 15% in 2Q16, despite lower product revenue in Brazil and Russia.
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.