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$KMI reported a drop in 3Q15 earnings due to a decline in revenue. Net income fell to $186MM or $0.08 per share from $329MM or $0.32 per share last year. Revenue dropped to $3.71Bil from $4.29Bil. Distributable cash flow before certain items rose to $1.13Bil or $0.51 per share from $435MM or $0.42 per share last year.
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.