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$COL, which competes with $RTN and $HON, expects that the company's overall business will return to growth in 3Q16 and that growth will drive incremental earnings. Tax planning strategies are now expected to benefit the third quarter of 2016. $COL expects more incremental margin growth in 4Q16, due to higher growth rate of sales in that quarter.
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.