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$AIG said retention for the company's major clients remained healthy at about 94% on a YTD basis. The company expects its expenses to decline, although at a more modest pace in 2H16. $AIG added it remains confident in reaching its previously announced 62% exit run rate target for 2016.
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.