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Medical device company $ZBH said its 2015 sales rose 28.3%, driven by the Biomet merger. Volume/mix growth from the merger was partially offset by negative effects of changes in foreign currency exchange rates and pricing pressure in all geographic regions. Net earnings fell in 2015 due to the expense incurred related to the Biomet merger.
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.