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$DFS' Direct Banking segment reported pretax income of $3.5Bil for the year ended December 31, 2015 versus $3.6Bil for the year ended December 31, 2014. The Payment Services segment reported pretax income of $100MM for 2015 as compared to $89MM for 2014, primarily due to a decrease in other expense partially offset by a decrease in other income.
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.