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During 4Q15, $V experienced a somewhat higher expense growth than it anticipated due to a legal settlement in Australia and Visa Europe transaction cost. It expects the expense growth to run at a high single-digit clip in 1H16 and substantially lower in 2H16.
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.