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$MU, a global provider of semiconductor devices, reported its 4Q15 revenue of $3.60Bil, 7% lower than 3Q15 and 15% lower than 4Q14 revenues. The sequential decline was primarily due to a 7% decline in DRAM average selling prices and relatively flat DRAM sales volume. Revenues for FY15 were $16.19Bil, down 1% from previous 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.