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Waterloo, Canada-based telecommunication and wireless equipment company $BBRY said the company more than doubled its software business in 4Q16 and increased overall GM, while generating cash. $BBRY also said that one area of shortfall was hardware revenue which declined sequentially. On the positive side, $BBRY achieved positive device GM.
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.