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In 2Q16, $UNM's US segment operating income was $227.2MM, up 12% from 2Q15. The UK segment operating income was $36.9MM, down 3.7%. Colonial Life posted a 0.4% increase in operating income to $77.9MM. Closed Block segment operating income was $32.6MM. Corporate segment operating loss was $35.7MM in 2Q16.
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.