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$DPS expects 2016 net sales to be up about 1% and core EPS of $4.20-4.30. Currency translation and transaction are expected to negatively impact sales by about 2% and core EPS growth by about 4%, or $0.18 per share. $DPS sees core tax rate of about 35.5%, capital spending of about 3% of sales, and to repurchase $650-700MM of common stock.
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.