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$HRS said revenue guidance on an organic basis for FY16 is revised to down 5-6% from down 3-5% previously reported. The company expects the impact of lower volume on earnings to be more than offset by the flow through of the R&D tax credit and cost savings across the company.
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.