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Engineering services provider $MTRX said it began FY16 with a record level of backlog and while the business was impacted by significant variability in the commodity markets and an unexpected client bankruptcy, it delivered solid results for the year. For FY17, the opening backlog represents more than 60% of anticipated FY17 revenue.
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.