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$AFL said in 1Q16 there was an unfavorable expense item running through the corporate line of approx. $8MM after tax or $0.02 per share. The company added that it will not expect this portion of the expense to repeat in future quarters and the expense itself was a timing issue.
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.