Want to join the conversation?
Barclays analyst Duffy Fischer probed on $DOW's cost saving programs. CFO Howard Ungerleider said that the company has started few cost saving programs last year and seeing the benefit of it already. The company plans to slash costs by $300MM in 2016 and $90MM of that was cut in 1Q16, said Ungerleider.
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.