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The auto and industrial parts distributor $GPC reported a drop in 3Q15 sales and earnings due to the negative impact of foreign currency. Earnings fell to $188MM, down 1.3%, while EPS remained flat with last year at $1.24. Sales fell 2% to $3.92Bil, as currency headwind of 4% offset underlying sales growth and acquisition's contributions.
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.