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$SJM expects FY17 net sales to decline in range of 2-3%, reflecting the U.S. canned milk divestiture. Excluding the impact of divestiture, net sales are expected to range from flat to down 1%. The change in sales guidance is based on a reduced net sales forecast for U.S. Retail Pet Foods.
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.