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$GPC's 3Q15 total operating profit was up 3% YoverY and reported a 40 BP improvement in operating margin. For the full year, $GPC expects corporate expense to be $100MM and tax rate to be approx. 37%. On a YoverY basis, cash at Sept. 30, 2015 was at $199MM, up $63MM and total debt was $625MM, down $210MM.
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.