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KBW analyst Ryan Krueger asks if there are any other reinvestment assumptions netting to a lower amount than the $200MM of stranded overhead expense. $MET says that there will be investments and by the time it gets to 2019, it expects all of this to be falling through to the bottom line. The next set of investment will be a structural investment.
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.