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$CMI cuts 2015 revenue guidance to range of flat to down 2% from previous forecast of 2-4%. $CMI lowered its 2015 EBIT outlook to range of 12.75-13% of sales, excluding costs associated with restructuring and other cost reduction actions, from previous forecast of 13.5-14%.
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.