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Adjustable bed company $LEG said its 4Q15 adjusted EBIT increased 44% and adjusted EBIT margin improved to 13.8%, up 440 BPs over 4Q14. For the full year 2015, margins improved in all four segments and unit volume grew in nearly all of the company's major businesses. For 4Q15, margins improved in three of $LEG's four segments.
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.