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$KSU said it expects significant downward pressure on revenues, as a result of peso depreciation currently expected to be 14% and 11% respectively in 3Q16 and 4Q16. For 3Q16, the company is now projecting mid single-digit sequential revenue growth.
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.