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$JOY posted an operating loss of $1.1Bil in FY15 compared to an income of $527.5MM last year. The decrease was due to impairment charges, loss of margins on lower sales volumes, less favorable product mix, lower manufacturing cost absorption, and higher product development, selling and administrative expenses.
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.