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For 3Q16, $DNB expects organic revenue to grow at about the same rate as in 2Q16. Operating income is expected to be about flat in 3Q16 due to significant step-up in investment spending as well as timing of some other expenses. EPS is expected to be down mid-single digits due to the change in the tax rate.
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.