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For the fourth quarter of 2015, $VIPS expects its total net revenue to grow between 43% and 49% compared to fourth quarter of 2014. As of Sept. 30, 2015, $VIPS had cash and cash equivalents and restricted cash of $558MM, and held-to-maturity securities of $406MM.
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.