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Telecom giant $T said that the company is on track to deliver $2.5Bil in annual DIRECTV synergies by 2018. The company ended 2015 with 137MM mobility subscribers, 45MM video subscribers and 13MM IP broadband customers. The company reported free cash flow of more than $3Bil in 4Q15 and approx. $16Bil for FY15.
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.