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$CAT will reduce workforce by about 155 in Houston, Pennsylvania, where the Room and Pillar products are made. While company will sell Room and Pillar products, it will assess other options, including possible closure of the Houston facility. In Denison, Texas, where track drills are produced, about 40 positions will be eliminated.
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.