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$MLHR expects 4Q16 net sales of $560-580MM. On an organic basis, adjusted for impact of foreign currency translation, this forecast implies sales growth of about 5% at mid-point of the range. The YoverY negative impact of foreign currency translation on net sales is expected to be about $6MM.
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.