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Mike Halloran of Robert W. Baird asks about the margin guidance, if $RBC suggested that margins are going to track up from Q1 to 2Q and then up again to Q3 or just up from 1Q levels. $RBC said that the company will see sequential improvement in 2Q16 and 3Q16 from where it was in 1Q16; 2Q is seasonally stronger market in climate solutions.
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.