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Manufacturer of connectors & sensors $TEL 4Q15 earnings jumped 62% to $2.57 per share and net income jumped 57% to $1,040MM compared to a year ago. Net sales fell 3% to $2.98Bil vs. the prior year and flat organically, and up 6% in constant currency.
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.