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$GT said that it will merge its North America & Latin America businesses into one Americas business unit, effective Jan. 1, 2016. The Americas unit will be led by Stephen McClellan, currently President of North America unit. Marcelo Toscani, currently VP of Global Manufacturing, will serve as President of LATAM operations & report to McClellan.
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.