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$SIG is reaffirming its multi-year synergy guidance. The company intends to deliver $158-175MM cumulatively. This includes the $60MM realized last year along with an additional $98-150MM in FY17. By the end of FY18, $SIG expects to deliver $225-250MM of cumulative synergies.
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.