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$NOC's operating income for 1Q16 declined by 5% and operating margin decreased 70 points to 12.4%, reflecting fall in segment operating income and lower net FAS/CAS pension adjustment than last year. Segment operating income fell by $701MM and segment operating margin slid 50 points to 11.8%, due to lower operating income for Aerospace Systems.
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.