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$NWS said its 3Q16 OpEx fell $120MM, or 10% YoverY . The decline in OpEx for the quarter was mainly due to a decrease in operating expenses at the News and Information Services segment of $98MM. The impact of foreign currency fluctuations of the US dollar against local currencies also resulted in a 3Q16 OpEx decline of $32MM.
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.