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$ADT's recurring revenue, which accounts for about 93% of its total revenue, grew 2% in 4Q15 as it added different products and services to the portfolio in place of lower margin one-time sales. In 2016, $ADT expects to grow non-recurring revenue due to traction in commercial channel and broadening of its service capabilities and product offerings.
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.