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$CORE said its key assumptions for 2016 remain unchanged and include $13MM of LIFO expense, a 38.5% tax rate and 23.4MM fully diluted shares outstanding. The company also reaffirmed CapEx estimates for 2016 of approx. $50MM, which will be used for expansion projects, including a new warehouse in Las Vegas, and maintenance investments.
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.