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Des Moines, Iowa-based investment manager $PFG said that its fee-based businesses drove nearly 70% of 2015 normalized earnings. In 2015, $PFG deployed $1.1Bil of capital, representing nearly 90% of net income. The company expects to deploy $800MM to $1Bil of capital in 2016.
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.