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Public utility holding company $XEL reported net income of $209MM or $0.41 per share in 4Q15, up 6.63% compared to $196MM or $0.39 per share in 4Q14, helped by lower operating expenses. Total operating revenues dropped to $2.64Bil from $2.92Bil last year.
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.