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$MUR's impairment expense in 2015 for E&P operations exceeded 2014 by $2.44Bil. The current year charge included significant noncash impairment expense of $2.49Bil before tax and $1.6Bil after-tax for producing heavy oil properties in Western Canada. The 2015 impairments were the result of declines in current and future crude oil prices from 2014.
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.