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$LLL's pension expense for 2015 was $139MM and the company expects pension expense for 2016 to decrease $43MM to approx. $96MM. $LLL expects this primarily due to the increase in its weighted average discount rates and a change in the approach to measure service and interest costs.
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.