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As part of revenue split, $L's insurance premiums fell to $1.75Bil in 3Q15 from $1.81Bil in 3Q14 and net investment income declined to $321MM from $451MM last year. Contract drilling revenue dropped to $599MM from $728MM, while other revenue grew to $548MM from $497MM. Investment losses was $50MM, compared to gains of $37MM a year ago.
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.