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$PEP said consistent with previous guidance for 2016, it expects approx. 4% organic revenue growth, excluding the impact of the 53rd week; based on current FX market consensus rates, FX translation to negatively impact reported net revenue growth by 4 percentage points; and 2016 core EPS of $4.66. $PEP also expects net capex of approx. $3Bil.
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.