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$ASNA said that for FY16, the company is cutting its revenue outlook to approx. $7.1Bil and adjusted EPS outlook to $0.67-0.70 from $0.75-0.80. During 3Q16, $ASNA made a $5MM required amortization payment on its $1.8Bil term loan. The company did not repurchase any additional shares under its existing $200MM buyback authorization.
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.