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Ladenburg Thalmann analyst Brian Russo asks if there are any risks or issues to the Sul approval process. $AES says that they have the shareholder approval and then there would be an approval of AML, the regulator. The company targets to close this in 4Q16, but it does not expect any issues. In fact, there is a lot of cost savings due to this deal.
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.