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For FY16, $HIG said it expects consolidated core earnings to be $1.58-1.68Bil. Talcott Resolution core earnings is expected to decline to $320-340MM. P&C catastrophe loss ratio is expected to be 3.9 points versus 3.2 points in FY15. Company expects to repurchase shares for $1.3Bil in FY16.
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.