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$TXT said its biggest segment, Textron Aviation, revenue fell 2.1% to $1.5Bil, hurt by lower King Air and used pre-owned aircraft volumes. Bell segment revenue fell 3.4% to $1Bil. Textron Systems revenue fell 25.4% and Industrial revenue rose 6.4% YoverY.
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.