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$TAP said during 4Q15, the total cost of goods sold decreased 3.4%. This decrease was due to lower aluminum, fuel, corn and malt pricing, along with supply chain cost savings. The company achieved $25MM of cost savings during the quarter, primarily related to procurement savings and brewery efficiencies.
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.