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Payments processor $PYPL reported a 28% growth in 4Q15 earnings driven by higher payment volume, customer account and a 17% revenue growth. Net income rose to $367MM or $0.30 per share from $286MM or $0.23 per share last year. Net revenue grew to $2.56Bil from $2.19Bil. Non-GAAP EPS increased to $0.36 from $0.28.
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.