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New York-based apparel company $PVH said 3Q15 results exceeded the top end of its outlook by $0.16 despite the volatile market environment. During 3Q15 and moving into 4Q15, the US market continued to experience softness in traffic trends largely driven by a decline in international tourist traffic and spending trends and unseasonably warm weather.
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.