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$CLX 4Q15 Call: On 2020 strategy to a question from Chris of Wells Fargo, Steve said the 1 percentage point increase in promo spending over time is still the right target. It’s working as one can see in topline and share growth, and also given that CLX is interested in profitable growth. So, it’s still the right number, he reiterated.
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.