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$GM reaffirmed its adjusted EPS guidance of $5.25-5.75 in 2016 and automotive adjusted free cash flow guidance of about $6Bil. CFO Chuck Stevens said 1Q was a great start to a year in which the company expects strong growth in earnings and free cash flow.
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.