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$IPG CEO Michael Roth said the company is targeting organic growth of 3-4% and an additional 50 BP or more of margin improvement, which would bring the company to operating margin performance of 12% or greater. Coupled with strong capital returns, the company is confident of achieving these targets.
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.