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$GNW 2Q15 Call: As we expected sales within the US Life Insurance Division continues to be challenged because of low interest rates, our lower rating and market uncertainty caused by our strategic review. We are evaluating and implementing several new product and distribution strategies, but we expect sales to be modest near term in this division.
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.