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IT services company $VRTU said its new business pipeline is growing and its win rates remain consistent. This gives the company confidence that despite softness in 1Q17, revenue growth will begin to improve in 2Q17. Within the current demand environment, clients continue to look to reduce the costs of their legacy IT environment.
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.