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Risk manager $AIZ reported a higher 2Q16 profit of $169.3MM, or $2.70 per share, compared to $32.8MM, or $0.47 per share, a year ago, mainly due to lower losses and exit-related charges from the wind down of its Assurant Health runoff operations and the increase in the amortization of deferred gains due to 1Q16 sale of Assurant Employee Benefits.
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.