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$EL 4Q15 PR: Net earnings attributable to the Estee Lauder Companies Inc was $0.40 compared to $0.66 in fourth quarter 2014. During fiscal 2015 and 2014, the Company recorded remeasurement charges of $5.3MM and $38.3MM, equal to approx. $.01 and $.10 per diluted share related to changes in Venezuelan foreign currency exchange rate mechanisms.
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.