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$SWKS' net revenue for 1Q16 grew by about 15% from last year. This rise was primarily related to its continued growth as smartphones displace traditional cellular phones, increased strength in emerging markets due to the adoption of 4G and 3G technologies, increases in tablet computing, and the expansion of its analog product portfolio.
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.