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CEO Jim Clemmer said $ANGO has made a strategic decision to discontinue the Celerity tip location program as it is structured today. Jim added that the company is taking a $5.9MM inventory charge related to Celerity and for the year ahead, $ANGO expects the overall PICC business to be roughly flat.
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.