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For FY17, $BRC expects tax rate to return to its typical historical range of 27-29%. The company expects D&A to be approx. $30MM and CapEx to be approx. $25MM. At this point in time, $BRC is not anticipating any restructuring charges and is not excluding any one-time items from this guidance.
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.