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$PRU said Gibraltar Life earnings were $494MM for 2Q16 versus $471MM a year ago. Excluding a negative impact of $36MM on the comparison from foreign currency exchange rates, earnings grew by $59MM from a year ago. 2Q16 results include a benefit of about $40MM from the sale of a home office property that came with the acquisition of Star and Edison.
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.