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Tien-tsin Huang of JP Morgan asks about the EMV trend in the US. $PAY said at the start of 2016, the indicators pointed to a robust implementation and adoption of EMV. The company is monitoring sales closely through distribution and sees continued moderate flow throughout the end of the year.
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.