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$MHK said it has begun additional projects to support its growth, including luxury vinyl tile and laminate in the US and Europe, ceramic in Mexico, Italy and Russia, Continuum polyester carpet, engineered wood and utility mats in the US. In 2016, the company anticipates that its CapEx will exceed $600MM depending on the timing of payments.
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.