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For FY16, $HRL sees lower input costs to provide benefit for value-added businesses, offsetting modestly lower pork operating margins later in year. While Refrigerated Foods segment benefited from favorable market conditions in FY15, significant progress has been made in efforts to improve product mix and drive sustainable margin improvements.
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.