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During 1Q17, $SCHL's corporate overhead was $26.4MM vs. $16.5MM in 1Q16, which included one-time items of $1.4MM. The increase in overhead is related to higher medical claims, previously announced wage improvement, facility-related expenses, and investments in strategic technology platforms and solutions.
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.