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$DAL said that 1Q16 OpEx was down more than $1Bil as the decline in fuel costs offset wage increases as well as higher profit-sharing expense, which doubled vs. 1Q15. The company's non-fuel CASM rose 4.5%, including profit sharing with roughly half coming from higher profit sharing in the quarter.
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.