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Integrated communications company $CTL reported an increase in net income to $338MM or $0.62 per share in 4Q15 compared to $188MM or $0.33 per share in 4Q14 helped by lower operating costs. Operating revenues grew to $4.48Bil from $4.44Bil last year. Adjusted net income was $434MM and adjusted diluted EPS was $0.80 in 4Q15.
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.