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$LM's 3Q16 results were impacted by a non-cash impairment charge of $371MM related to Permal, a cumulative tax benefit of $56MM and $9.4MM of real-estate write-offs. $LM had a credit of $26.4MM from fair value reduction of liabilities, a $6.6MM gain on Australian dollar hedge and tax benefits. These items along with others reduced EPS by $1.90.
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.