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$CMN has set up a new five-year plan with the objective to double sales and profits between FY16 and FY21. Sales is targeted to be $1.3Bil and adjusted net income is targeted to be approx. $150MM. This outlook implies a compound annual growth rate of approx. 15% on revenue and earnings.
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.