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Maker of breakfast cereals and snacks $K said that it completed the reorganization of DSD selling & merchandising organization, which will also improve effectiveness. The company continues to expand distribution in high-tech grocery stores, particularly in emerging markets. $K is also progressing by executing initiatives that will improve margins.
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.