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Information technology provider $CTSH reported losses of $2.5MM in 1Q16 on contracts that settled during this period. As of March 31, 2016, company has outstanding contracts with a notional value of $2.3Bil and weighted average contract rate of INR70.8 to the US dollar.
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.