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$GWW said it reiterated its 2016 sales and EPS guidance issued on Nov. 12, 2015. $GWW still expects -1% to 7% sales growth and EPS of $10.80-13.00. The industrial supplier expects to deploy $1.6Bil to share repurchases in 2016 and 2017. $GWW lowered its effective tax rate outlook to range of 35.2-36.2% from previous estimate of 36.3-37.3%.
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.