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$KSU said that the company experienced a $47MM negative impact of revenues from foreign exchange & lower US fuel prices. The company expects this trend to continue in 2016 as the peso is expected to continue to decline particularly in the first & second quarters as projected exchange rate are 16% & 12% respectively lower than 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.