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On Oct. 26, $XRX's BoD had authorized a review of its business portfolio and capital allocation options, with the goal of enhancing shareholder value. On Oct. 13, $XRX announced update on changes in strategic direction of Government Healthcare Solutions business, specifically on implementation of HE Medicaid platform in California and Montana.
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.