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$MAS said that exiting the low-margin direct-to-builder business in the Carolinas and kitchen countertop product categories will negatively impact Cabinetry Products segment's topline by about $60MM for the full-year. On a quarterly basis, the revenue impact will be about $15MM for each 2Q, 3Q and 4Q.
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.