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$TECH said total company adjusted gross margin was 70.1% in 4Q16, decreasing 70 BPs from the prior year. Strong volume leverage and productivity gains were more than offset by the lower margin Cliniqa acquisition and an unfavorable FX impact. Excluding the impact of acquisitions and FX, core gross margins improved 70 BP YoverY in 4Q16.
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.