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$MHK said that the acquisition of a ceramic plant in Northwest Mexico provided a new supply strategy giving the company advantages in the Western US and Mexico. In 4Q15, $MHK acquired three plants to expand its European Insulation Board business. The company increased investments in new products, samples and merchandising systems.
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.