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For 2016, $IR said that it expects transport market in North America to be flat. Industrial revenue is expected to be in the range of down 4-6% on a reported basis and down 2-4% organically. $IR expects Climate adjusted operating margins to be in the range of 14.0-14.5% and Industrial adjusted margins to be in the range of 12.0-12.5% for 2016.
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.