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$CRM 2Q16 Q&A: Rangan of Merrill Lynch asked about the Oracle’s position in Cloud and Marc replied that Oracle hasn’t delivered any competitive cloud solutions recently. In the CRM marketplace, Salesforce is selling billions of dollars of CRM and Cloud this year, but Oracle is selling millions of dollars, he added.
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.