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$LM posted preliminary assets under management of $656.7Bil as of Feb. 29, 2016, down from $651.5Bil last month. This month's AUM included long-term outflows of $4.1Bil, consisting of fixed income outflows of $2.4Bil and equity outflows of $1.7Bil. Liquidity inflows were $6.2Bil. It also included $2.3Bil in positive foreign exchange impact.
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.