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Georgia-based packaging company $WRK said its corrugated packaging businesses performed well with strong growth in box sales in the US in 1Q16. The company matched its supply with customer demand and permanently closed three mills with total annual capacity of 675,000 tons.
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.