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For full-year 2016, $GPC is maintaining its Automotive sales guidance at 1-3% and is raising its Office Products sales to 2-3% from the original amount of down 1% to up 1%. The company said that it's cutting its Industrial segment sales to flat to up 1% from 1-2% mentioned earlier. $GPC is reducing Electrical sales outlook to down 2-3% for 2016.
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.