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Global insurance and reinsurance company $XL's third-quarter 2015 operating net income declined 67% to $0.23 per share against the corresponding period previous year, hurt by higher integration costs and catastrophe losses. However, total revenue of the company surged 53% YoverY to $2,598MM, primarily due to higher premiums earned.
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.