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$DAL, which on Tuesday said the airliner will lose $450MM as it missed its bet on a fuel price jump, had reported a lower fuel hedge loss in 1Q16. The fuel hedge loss fell to $273MM from $467MM in 1Q15, according to the company's first-quarter filing. Total adjusted fuel expenses fell by 54% during this period.
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.