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$SYY said that during FY16, the company grew US broadline local cases 2.6% on an adjusted 52-week basis, strongest performance in several years. In FY16, the company reduced expenses in a number of key areas like supply chain, reducing indirect spend, standardizing organizational design and reducing number of markets in the US from eight to six.
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.