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$PH 4Q15 Q&A: Hammond of KeyBanc asked about oil and gas full year magnitude of decline. Lee answered, it’s a big headwind in terms of margin mix. Once PH work through the inventory in the channel. Not forecasting other than the line pool a big rebound in that market.
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.