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$UNP stated that labor inflation was around 4% in 4Q15, driven mainly by agreement wage inflation. Labor inflation is expected to come in around 2% for 2016, which is driven mainly by agreement wage inflation, partially offset by lower pension expense. This is consistent with $UNP's all-in inflation expectations in the 2% range for the full year.
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.