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$EL 4Q15 Call: Operating income rose slightly to $1.74Bil,& operating margin decreased 20BP to 15.9%. Our operating margin was unfavorably impacted by 30BP from acquisitions & 40BP from unfavorable currency. Excluding these factors, our operating margin would have expanded by 50BP. Net interest expense improved 10% to $45.7MM due to higher interest
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.