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$PEP's revenue from North America Beverages (NAB) rose by 1%, on productivity gains, lower raw material costs, favorable settlements of promotional spending accruals and insurance adjustments. Revenue from Europe Sub-Saharan Africa (ESSA) slid by 5% on higher raw material costs, operating cost inflation, higher expenses and adverse FX translation.
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.