Want to join the conversation?
Purchase, New York-based company $PEP said it expects to generate $1Bil of productivity savings in 2016, in line with its objective of achieving $5Bil of productivity over 5 years through 2019. The company anticipates continued reduction in corporate expenses in 2016, and expects share count to benefit from a targeted $3Bil in share repurchases.
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.