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$TWC's total costs and expenses for 1Q16 increased by 7.5% from the previous year quarter. The rise was due to increases in programming and employee costs, which reflects its continued investments in sales and marketing, technical operations and customer care initiatives, as well as a $26MM increase in employee medical costs.
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.