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The Irving, Texas-based $FLS said in 4Q15 the company executed over $50MM of activities, bringing the FY15 investment to approx. $80MM. The company also said it is expanding the previous $125MM realignment initiative expected to execute over a two year period and is now forecasting a total investment of about $350MM.
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.