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For FY15, $MKC said that it grew China consumer sales 12% in constant currency. For FY16, the company expects constant currency sales growth in the high single-digit to low double digit range in China. In the industrial segment $MKC has seen a turnaround from a year ago period in China.
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.