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$PYPL said that in 1Q16 it gained market share and extended its leadership position. The company processed $81Bil in TPV, representing FX-neutral growth of 31%. Merchant services TPV growth rose to 39% on an FX-neutral basis, and represented 82% of overall TPV for the quarter.
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.