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$KO now expects organic revenues to be up 3% in 2016. The net impact of acquisitions, divestitures and structural items on net revenues is predicted to be a 6 to 7 point headwind, and based on the current spot rates, currency is projected to be a 2 to 3 point headwind, including the impact of hedged positions for the full year.
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.