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$MDLZ's Latin America net revenue fell 35% in 1Q16, mainly due to deconsolidation of the Venezuelan operations. Net revenue in Asia Pacific, EMEA, and Europe fell in the quarter, primarily due to deconsolidating the coffee business. North America net revenue fell 0.4%, mainly due to the impact of an accounting calendar change made in prior 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.