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$PX now sees 2016 adjusted EPS of $5.45-5.60. This forecast assumes negative currency translation impact of about 3% YoverY and excludes impact of a bond redemption charge taken in 1Q and pension settlement expected to be recorded in 3Q. As result, GAAP EPS is expected to be $5.40-5.55. Capital expenditures are expected to be about $1.4Bil.
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.