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$HP 3Q15 PR: FY15 Outlook: HP continues to expect a total of approx. $1.3Bil in capital expenditures. Depreciation expense is now expected to be approx. $580MM, and general and administrative expenses are now expected to be approx. $130MM for fiscal 2015. Furthermore, the Company expects an effective income tax rate of approx. 34% for 4Q15.
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.