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$BBCN, the holding company of BBCN Bank, posted higher 1Q16 results, helped by an improved mix of new loans with increased contributions of commercial and consumer loans. For the quarter, the bank reported earnings of $23.6MM, or $0.30 per diluted share, compared with earnings of $21.4MM, or $0.27 per share a year ago.
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.