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$V said that the U.S. payments volume growth was essentially flat at about 10% during 1Q16 and international was 14, down 1 point from 1Q14. The U.S. outbound spend is strong, but it is offset by continued weakness from Canada, Brazil and Russia and the company is seeing increasing weakness in Middle East and China.
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.