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$LM said that AUM fell 5% to $669.6Bil at March 31, 2016 vs. $702.7Bil at March 31, 2015, hurt by long-term outflows of $13.2Bil and liquidity outflows of $3.3Bil. This was partially offset by $9.7Bil in positive market performance and $4.7Bil in positive FX.
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.