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$FTI posted 1Q16 earnings of $19.8MM, or $0.09 per share, compared with earnings of $147.6MM, or $0.63 per share a year ago. Revenue fell 29% to 1.21Bil. "While operators' reduced capital spending continues to delay large deepwater projects, we believe that our subsea service orders will remain fairly resilient in 2016," CEO John Gremp said.
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.