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During 2Q16, $ADM acquired full ownership of Amazon Flavors, a Brazilian manufacturer of natural extracts, emulsions and compounds. The company added soybean crushing capability to its facility in Straubing, Germany. This allowed $ADM to utilize flex capacity, while meeting growing customer demand for non-GMO soybean meal and oil in Western Europe.
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.