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For 2017, $CW expects sales to be in-line with 2016. The company expects moderate operating margin improvement and generate solid free cash flow in 2017. Longer-term, CEO David Adams believes $CW is well positioned for future organic growth, which will further drive its profitability and 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.