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$ABBV said that it expects full year 2016 sales approaching $26Bil. ForEx dynamics have run favorable relative to initial projections and the company is now forecasting approx. 1% of negative top line impact from currency for the full year. $ABBV expects an adjusted gross margin of 81%, impacted by stronger performance of hedged currencies in 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.