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$WMT's decision to invest in the front line associates pressurized operating income due to which it is making a $1.2Bil planned investment on its people this year that would impact near-term operating income. The company's total net sales were up nearly 4% and it expects to grow e-commerce and GMV sales in the mid-to-high teens for FY16.
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.