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$MMM is projecting 2016 organic local-currency growth in Health Care business of 3-5% & Consumer of 2-4%. Electronics & Energy business organic growth is expected to be (2%) to 2% range, Industrial to be flat to 3%, and Safety & Graphics to be 1-3% for 2016. Geographically, expects US to be 1-3%, EMEA (1%) to 2%, APAC & LATM/Canada 1-4% growth.
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.