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$AMG's net client cash flows for 1Q16 were $5.1Bil, given the muted risk appetite observed by the industry generally. Aggregate assets under management rose by 5% to $642Bil at March 31, 2016, reflecting the strength of its Affiliates' franchises.
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.