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$EQIX, a global interconnection and data center company, reported revenue of $686.6MM for 3Q15, a 3% sequential increase and an 11% YoverY increase. Recurring revenues, consisting primarily of colocation, interconnection and managed services, were $646.7MM, a 3% sequential increase and a 10% YoverY increase. Non-recurring revenues were $39.9MM.
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.