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$LM 1Q16 Call: Despite industry headwinds, the Company reported continued long-term inflows along with earnings of $95MM or $0.84 per share for the quarter. Revenues increased primarily due to an additional day in the quarter and 1% increase in average long-term AUM, which more than offset lower performance fees.
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.