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$XYL's total expected costs associated with actions that commenced during 1Q16 were approx. $7MM for Water Infrastructure, approx. $6MM for Applied Water, and approx. $3MM for Corporate. $XYL expects to incur approx. $15MM in restructuring costs for the full year 2016 and anticipates approx. $5MM of total net savings to be realized during 2016.
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.