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$MMM believes that the backbone of business transformation is its new global ERP system. In 2015, the company made good progress, most recently with the successful roll-out in the Nordic countries. $MMM expects business transformation to result in a $500-700MM in annual operational savings by 2020 and another $0.5Bil reduction in working capital.
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.