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On Dec. 11, 2015, $DD announced a 2016 global cost savings and restructuring plan designed to reduce $730MM in costs compared to 2015. During the year ended Dec. 31, 2015, a pre-tax charge of $798MM was recorded, consisting of $793MM of employee separation/asset related charges, net and $5MM in other income, net.
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.