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During 2016, $K expects to recognize $17MM of net unrecognized losses in pre-tax accumulated other comprehensive income (AOCI) as net pension cost. Pre-tax AOCI not yet recognized as net pension cost was $593MM at Dec. 31, 2015, and $587MM at Dec. 31, 2014, consisting entirely of net unrecognized losses.
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.