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The payments technology company $V has reported a 41% growth in its 4Q15 earnings. GAAP net income in the quarter jumped to $1.51Bil or $0.62 per diluted class A common share from $1.07Bil or $0.43 per share in 4Q14. Net operating revenue in the quarter was $3.6Bil, an increase of 11% nominally over the prior year period.
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.