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$LM 1Q16 Q&A: Commenting to the question from Carrier of BofAML about other expenses, Pete told the typical run rate in the other expenses is more in the $50MM range and a lot of different things and mix has favorably impacted that in this quarter. He added that the company expects the other expense for next quarter will be in the $50MM range.
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.