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$NAVI's core earnings for Private Education Loans segment for 2Q16 grew to $57MM from $22MM last year. This increase was primarily the result of a decline in the provision for loan losses, partially offset by a drop in net interest income due to the amortization of the portfolio and a decrease in the net interest margin.
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.