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In 1Q17, pro forma revenues in $CSRA's Defense and Intelligence segment fell by 8% compared to 1Q16. The largest source of this reduction was the US Army Logistics Modernization Program, which continues to decline after a successful deployment phase. In the Civil segment, pro forma revenues fell by 2% from the prior 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.