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Energy service company $FE posted a loss for 4Q15, hurt by higher planned operating expenses, primarily associated with a nuclear refueling outage and increased reliability spending in New Jersey. $FE said it posted a net loss of $226MM, or $0.53 per share, and revenue fell 10% to $3.5Bil. Excluding items, $FE posted an EPS of $0.58 per share.
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.