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$SYMC 1Q16 Call: Implied billings declined 7% YoverY, and revenue was flat at $1.5Bil. We expect our Enterprise Security business to grow in 2H16. The US dollar strengthened against major currencies compared to the year-ago period, which created a headwind of $115MM to first quarter revenue and $266MM to deferred revenue on YoverY basis.
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.