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As of FY15-end, $BEN undiscounted future cash flow projections for the majority of its definite-lived intangible assets that exceeded their carrying values by at least 60%. $BEN estimated the future undiscounted cash flows for these assets using AUM growth rates ranging from -25% to 5%, that incorporate the impact of current market conditions.
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.