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In 1Q16, $APC initiated a workforce reduction program to align size and composition of its workforce with expected future operating and capital plans. Employee notifications related to workforce reduction program were substantially complete by March 31, 2016, and all of $389MM of expected restructuring charges will be recognized in 2016.
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.