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$OA said on SEC Form 8-K that it expects to restate financial statements for FY15, 9 months transition period ended Dec. 31, 2015, quarters in FY15 and 2015 transition period, and quarter ended April 3, 2016. The restatement is not expected to have material impact on operating cash flow, cash balances or backlog as of and for Restated Periods.
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.