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$AA's SG&A & other expenses rose $28MM in 1Q16 compared to the year ago period. The increase was mainly driven by new SG&A related to inorganic growth in the Engineered Products and Solutions segment and expenses for professional and consulting services related to the planned separation of Alcoa. SG&A as a percentage of sales rose to 5.3% in 1Q16.
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.