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$GPS' reported results include pretax costs related to strategic actions totaling $25MM for 4Q15 and $132MM for 2015. This is at the low end of its guidance range of $130-140MM. $98MM of the total full-year charge is operating expense and the remainder hits gross margin.
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.