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For 3Q16, $DAL expects fuel price to be $1.52-1.57 per gallon, down 15% from the prior year. Operating margin is expected to be 19-21%. Capex will be about $750MM. The company expects to return $3.5Bil to shareholders in 2016 consistent with its goal of returning at least 70% of free cash flow through dividends and share repurchases.
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.