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Oil and gas production components manufacturer $NOV faced deteriorating market conditions during 4Q15 to cap off a challenging year. For 2015, $NOV posted GAAP loss of $1.99 per share including restructuring, asset impairments, facility closure costs and other charges of $2Bil pretax. Excluding these items, earnings were $2.80 per share in 2015.
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.