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$RAI narrowed its 2016 adjusted EPS guidance to range of $2.26-2.34 from previous forecast of $2.25-2.35. The revised forecast represents a growth rate of 14.1-18.2% from the company's 2015 adjusted EPS of $1.98. This revision is based on the strong 2Q16 and 1H16 performance as well as expectations for the rest of the year.
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.