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$FTI reported a lower 3Q16 profit after revenue slumped 29% as all its business segments witnessed lower customer activity. The company reported earnings of $32.3MM, or $0.14 per share, compared with earnings of $82.0MM, or $0.35 per share a year ago. Revenue fell to $1.09Bil from $1.55Bil.
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.