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The world's largest low-cost carrier $LUV reported 3Q15 total operating revenue of $5.3Bil, a 10.8% YoverY increase, largely driven by passenger revenue of $4.7Bil in the quarter. In addition, $LUV recorded a special revenue adjustment during the quarter of $172MM related to its amended agreement with Chase. Other revenues increased 102.1% YoverY.
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.