Want to join the conversation?
$GOOG $GOOGL said the company ended 1Q16 with cash and marketable securities of $75.3Bil, of which approx. $45Bil or 60% is held overseas. On Google segment, sites revenue was up 20% YoverY, driven by mobile search. The company said that on the content side, there is great traction on Google Play and YouTube.
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.