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On a currency neutral basis, $IFF's Fragrances segment profit improved by about 15% in 3Q15 driven by volume growth, benefits from cost and productivity initiatives and lower incentive compensation expense. Further, segment profit margin on a currency neutral basis increased 180 BPs to 22.4%.
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.