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Pro forma for transaction and separation of Adient, $JCI is expected to have about $32Bil of revenue in FY16 and $4.5Bil of EBITDA before synergies. Adient is expected to have about $16.6Bil of revenue in FY16 and $1.6Bil of EBITDA. Adient is expected to distribute $2.5-3.5Bil to $JCI in conjunction with spin-off
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.