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Car insurance provider $PGR said for May 2016, net premiums written rose 11% to $1.8Bil and net premiums earned rose 11% to $1.7Bil versus May 2015. Net income attributable to company fell 4% to $75.9MM or $0.13 per diluted share. Total pretax net realized gains on securities rose 136% to $17.2MM. Average diluted equivalent shares were 585.2MM.
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.