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For FY16, $WLTW expects merger and integration-related costs of $150-175MM. Organic revenue growth is expected to be in the mid single digits. Adjusted operating income margin is expected to be around 20%. Adjusted tax rate is expected to be 23-24%.
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.