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Insurance brokerage $AON reported a 27% jump in 4Q15 earnings on favorable impact from foreign currency translation, lower operating expenses and income tax provision. Net income rose to $584MM or $2.09 per share from $459MM or $1.56 per share last year. Revenue slid slightly to $3.288Bil from $3.299Bil. Adjusted EPS grew 20% to $2.27.
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.