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On a YoverY basis, $ACN's sales and marketing costs as a percentage of net revenues fell 60 BP in FY15 principally due to improved operational efficiency in its business development activities. G&A costs as a percentage of net revenues fell 30 BP. As of Aug. 31, 2015, $ACN employed more than 358,000 employees with offices in more than 200 cities.
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.