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Consumer goods company $NWL said that it is raising its FY16 guidance of core sales from 3% to 4% and normalized EPS from $2.75 to $2.90. The company's core sales growth guidance assumes legacy Newell Rubbermaid core sales growth of 4-5% and legacy Jarden core sales growth of 2-4%. This includes the negative impact of planned product line exits.
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.