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$EMN continues to expect that 2015 EPS, excluding no-core and any non-recurring items, will exceed 2014 EPS excluding non-core items. Cash generated by operating activities is expected to be about $1.6Bil and capital spending is predicted to be about $675MM. Effective tax rate is projected to be 26-27%, excluding non-core items.
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.