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$KING 3Q15 revenue & adjusted revenue were $480MM & $473MM, respectively. The difference primarily being deferred revenue. $KING did see a positive impact in deferred revenue this quarter, as we recognize breakage on some of aged-virtual currency. $KING also had $3MM of other income from partner-funded development projects.
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.