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When compared to 1Q15, USD strengthened significantly against many currencies during 1Q16, resulting in unfavorable currency translation and USD revenue growth that was about 8.5% lower than local currency. Assuming exchange rates stays same for remainder of FY16, $ACN sees FY16 revenue growth to be about 5% lower in USD than in local currency.
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.