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$UNF said it is adjusting its FY16 outlook to reflect the effects of the weak energy market conditions on its customer base, and also the effects of higher-than-expected healthcare claims in 1H16 as well as higher effective tax rate. Company expects FY16 revenue to be $1.455-1.467Bil and diluted EPS to be $5.45-5.65.
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.