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$DE's worldwide equipment operations operating profit fell to $2.177Bil in 2015 from $4.3Bil in 2014. The decline was due primarily to lower shipment volumes, impact of less favorable product mix and unfavorable effects of foreign currency exchange. This were partially offset by price realization, lower SG&A expenses and lower production costs.
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.