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Guggenheim analyst John Heinbockel questions $UNFI on how the organizational structure will play out in terms of timing. CEO Steven Spinner says that the company announced internally the reorg structure around five, four months ago. $UNFI said that is not going to disrupt the customer relationship and is pleased about the training happening.
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.