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$CMG expects to open 220-235 new restaurants in 2016. The company projects an effective full year tax rate of about 38.6%. Following the sickness outbreaks, including E.coli and norovirus, $CMG is focused on restoring customer trust and re-establishing customer frequency and rewarding them through Chiptopia, co-CEO Steve Ells said.
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.