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Newark, New Jersey-based company $PRU said that life insurance earnings were impacted by adverse underwriting results vs. the company's average expectations during 1Q16. The company said that its sales results benefited from product and distribution actions while maintaining underwriting discipline.
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.