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$YUM said in connection with the China separation, the company has committed to become at least 96% franchised by the end of 2017. In the past four quarters, the company has refranchised over 300 restaurants outside of China, including 82 units in 2Q16.
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.