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In Sept. 2015, $GNW entered into an agreement with AXA S.A. to sell its lifestyle protection insurance business. The planned sale is expected to be completed by 2015-end and generate approx. $400MM of net proceeds. Also, sale of certain blocks of $GNW's term life insurance is expected to generate initial capital of approx. $100-150MM in aggregate.
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.