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Insurance company $BRO reported net income of $62.1MM or $0.44 per share in 1Q16, up 9.1% compared to $56.9MM or $0.39 per share in 1Q15 helped by higher revenues. Revenues grew 4.9% to $424.2MM from the prior year, with organic revenue increasing by 1.3%.
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.