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Communication infrastructure, devices, accessories, software and services provider $MSI said 4Q15 product sales were $1.1Bil, down 10% compared to last year and down 7% in constant currency. Services revenue for the quarter was $557MM, down 3%. Managed and support service grew 7% in constant currency, with growth in every region.
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.