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$BBBY, which competes with $TGT and $WMT, said it estimates depreciation expense of approx. $290MM for 2016. Annual net interest expense is estimated to be $75-80MM. The company expects its full year 2016 tax rate to be in the mid to high 30s percentage range. $BBBY anticipates less favorable distinct tax dollars in 2016 as compared to 2015.
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.