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$SJM 1Q16 Q&A: David, Citigroup: Why wouldn't your expectations have improved given strong start in Coffee? Steve, President: We feel great about our price cost relationship. We think we're in a great place for great performance. I think marketing spend is the big difference. If you normalize marketing, you’d see much better YoverY comparisons.
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.