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In offshore operations, $HP said its segment operating income declined slightly to approx. $2MM from $3MM during the prior quarter. Looking at 4Q16, the company expects quarterly revenue days to slightly increase by approx. 1% as 7 of its 9 offshore platform rigs continue to generate revenue days during the quarter.
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.