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$BRC's 4Q16 revenues were almost in line with expectations, finishing with lower organic sales of 0.9%. Demand has been choppy and profitability stronger than anticipated, as the company focuses on driving operational efficiencies and actively reducing its G&A structure, said CFO Aaron Pearce.
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.