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$PFG's net revenue from Retirement and Income Solutions - Fee for 1Q16 fell by 7% from last year, primarily due to lower fees driven by unfavorable equity markets. However, net revenue from Retirement and Income Solutions - Spread rose by 7%, primarily due to growth in account values as a result of strong sales.
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.