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$ACE's net loss reserves decreased $122MM in 3Q15. Excluding foreign currency, net loss reserves increased $212MM in 3Q15. Net realized and unrealized losses pre-tax totaled $1.2Bil. Operating return on equity was 12.9% for 3Q15 and return on equity computed using net income was 7.2%.
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.