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Insurance holding company $TMK reported a rise in its 1Q16 results, helped by excess tax benefits. $TMK said net income increased to $124MM, or $1.01 per share during the quarter compared to $121.6MM, or $0.95 per share for the year-ago period. Net operating income from continuing operations rose to $1.08 per share vs. $1.02 per share during 1Q15.
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.