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$ALLE completed the sale of Bocom Wincent Technologies Co., Ltd. in 4Q15. Bocom revenue and operating income were down approx. $55MM and $9MM respectively versus 4Q14. For full year 2015, this business contributed approx. $39MM in revenue at an operating loss of approx. $4MM.
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.