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$PNR expects 2016 core sales to fall about 1%. Segment income is expected to grow roughly 9% and return on sales to expand about 90 BP to 16.5%. Corporate cost is expected to be about $90MM, net interest and other about $140MM and share count about 182MM. Free cash flow is expected to be about $750MM, about 100% of adjusted net income.
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.