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Car insurance provider $PGR said Feb. 2016 net income rose to $96.6MM or $0.17 per share from $85.5MM or $0.14 per share last year. Net premiums written grew by 15% to $1.93Bil and net premiums earned increased 14% to $1.64Bil. Total pre-tax net realized gains on securities fell to $10.2MM from $30.4MM last year.
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.