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$TRN said that the Barge Group's 1Q16 performance reflects a continuation of weak demand market. Competitive market dynamics have resulted in reduced amount of operating profit vs. recent years. During 1Q16, the company closed of one of its four manufacturing facilities. The demand for dry cargo barges and liquid cargo barges remains weak.
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.