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$AMP's total asset under management, or AUM, fell by 6% to $623.6Bil as of March 31, 2016 from $663.9Bil as of March 31, 2015 reflecting a $42.2Bil drop in Asset Management AUM on market depreciation, net outflows and negative impact of foreign currency translation, and $2.9Bil rise in Advice & Wealth Management AUM on wrap account net inflows.
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.