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In FY15, $GPS sees that FX rate fluctuations will continue to have meaningful negative impact on results, particularly in largest foreign subsidiaries in Canada and Japan. With depreciation of Canadian dollar, Japanese yen, and other foreign currencies, $GPS sees net sales translated into USD will negatively impact total company net sales growth.
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.