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$CMN's sales in Water Purification and Filtration segment for 4Q16 increased by 2%. Organic sales growth was 1% with slight increases in all product categories. CEO Jorgen Hansen said $CMN is encouraged by additional increases in orders, and its backlog reached record levels exiting the quarter, which positions $CMN well for FY17.
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.