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$NSC said it provided additional detail regarding its strategic plan, which includes cost reductions across organization and improved operational efficiencies. $NSC expects to achieve annual productivity savings of more than $650MM by 2020, with about $130MM to be realized in 2016. $NSC projects to achieve operating ratio below 65% by 2020.
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.