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$DD expects income from continuing operations in 2016 will benefit from $730MM reduction in costs as a result of the 2016 global cost savings and restructuring plan. These cost reductions will be weighted toward 2H16 reflecting implementation of specific actions during 1Q16 and 2Q16.
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.