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$CMA said that 2015 benefited from a $33MM regal reserve reversal that will be offset by an equal decline in pension expense mainly due to an increase in long-term rates. The company expects FY16 technology projects and regulatory expenses to rise and together increase by about $25-30MM.
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.