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Diversified metals manufacturer $WOR said operating margins for 4Q16 was below normal due to the impact of losses in oil and gas. The company also said it continues to reduce cost to match demand in oil and gas. $WOR's cash from operations was $118MM and the company spent $22MM on capital projects and distributed $12MM in dividends during 4Q16.
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.