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$SPGI raised its 2016 adjusted EPS guidance by 5 cents to $5.05-5.20, on strong 1H results and its outlook for remainder of year. This revision will reflect pending close of sale of J.D. Power in 3Q. Due to sale of J.D. Power, $SPGI cut revenue guidance to mid single-digit growth as it will no longer record several months of J.D. Power revenue.
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.