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$AN CEO Mike Jackson said that in 4Q15, new and used vehicle margins combined, declined by $217 per vehicle retailed, or 11% vs. 4Q14. 2015 new vehicle inventories rose 13% on a same store basis vs. 2014, helped by a 49% rise in Premium Luxury inventories. $AN expects industry new vehicle unit sales to exceed 17MM 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.