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As part of the strategic transformation plans, $YUM plans to reduce its annual capital expenditures to about $100MM in 2019 from about $500MM in 2015. The company also expanded its plan to return capital to shareholders and now expects to return $13.5Bil between 4Q15 and 2019.
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.