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$SNI contributed $1.7MM to fund current benefit payments for the supplemental employee retirement plan (SERP) in 3Q15. $SNI anticipates contributing $2.2MM to fund the SERP's benefit payments during the remainder of 2015. The company does not expect to contribute to its defined benefit pension plan during 2015.
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.