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$KELYA $KELYB said for the full year 2016, it expects constant currency revenue growth to be up 1.5-2.5%. The company expects the gross profit rate to be up 40-60 BPs on a YoverY basis, with approx. 10 BPs due to the APAC JV formation, overall in total equivalent to a gross profit dollar growth of 4-5%. SG&A expense is expected to be up 1.5-2.5%.
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.