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$HAL said it is making significant progress in terms of structural cost control towards reducing its annual cost structure by $1Bil. The company has reduced headcount and consolidated facilities in every region. $HAL said it is about halfway at 2Q16-end both internationally and in North America, with the remaining cost savings expected in 2H16.
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.