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$HD said that recent GDP growth estimates suggest a slowdown in the U.S. economy from what it expected. As the U.S. housing market continues to recover, the company is confident about its core business. Based on 1H16 performance, $HD reaffirmed its FY16 sales growth guidance given at the end of 1Q16.
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.