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For 2015, $HBI's 8% revenue growth was driven by acquisitions as core business ended flat with sales decline in 4Q15. Operating profit rose 13% or nearly $100MM due to the addition of roughly $50MM from acquisitions and 150 BP increase in the core operating margin. EPS grew 17% driven by growth in operating profit and lower tax rate.
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.