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Oppenheimer analyst Rupesh Parikh asks $WFM to provide clarity on the $300MM in savings, whether there will be more benefits this year or in 2017. CFO Glenda Flanagan says that the company made measurable progress on this $300MM savings target in 2016 with the large restructuring and other initiatives. But there will be more benefits in 2017.
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.