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$URI's 4Q15 rental revenue was down 3.2% vs. 4Q14, about $42MM of revenue decline. Time utilization of 68.2% for the quarter was down 2.4 percentage points. This includes the impact of the Canadian currency translation of the fleet on rent in the volume component which costed the company $22MM.
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.