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$AA's remediation reserve balance was $605MM at March 31, 2016 compared to $604MM at Dec. 31, 2015, and reflects the most probable costs to remediate identified environmental conditions. In 1Q16, the reserve was raised by $7MM linked to a number of sites. Payments related to these expenses applied against the reserve were $11MM in 1Q16.
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.