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Raimo Lenschow of Barclays asks for an update on bookings. $ORCL said bookings grew 42% in 1Q17. The company has a strong pipeline. $ORCL is set to release some new products soon and also more of its existing products are available in more geographies. $ORCL believes it will have a strong bookings year in 2017.
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.