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In Dec. 2015, $DD announced a new global cost savings and restructuring plan designed to reduce 2016 costs by $700MM versus 2015 or $900MM on a run rate basis. The company has since identified an additional $100MM of savings, bringing its run rate total to $1Bil and increasing 2016 savings to about $730MM.
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.