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Bank of America analyst David Barden asked about synergy savings run rate for 1Q16 and for the rest of the year. $T CFO John Stephens stated that the company is making progress on the content cost savings. The base is shifted more to DTV, getting it through existing contracts. Some savings also come from expense side and cash flow side.
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.