$OI 1Q15 10-Q: In net sales of reportable segments, Europe segment continues to lead with sales of $567MM. Europe had a sales of $706MM in 1Q14. Asia Pacific segment net sales was down $40MM to $163MM vs. $203MM in 1Q14.
$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.
$FRGI reported preliminary comparable restaurant sales decreased 6.7% and 4.5% at Pollo Tropical and Taco Cabana for 1Q17. Industrywide headwinds, which were particularly prevalent in Florida and Texas, and the impact of sales cannibalization continued to negatively impact topline performance.
$FRGI announced an overview and initial steps in its plan to drive long-term value creation. The company plans to relaunch the Pollo Tropical brand in September of this year and to relaunch the Taco Cabana brand late in the year once priority initiatives under the Renewal Plan are achieved.
$UBSI completed its acquisition of Cardinal Financial Corp. This transaction marks the 31st acquisition United has completed under the current administration and the tenth acquisition in the D.C. Metro region.
$HCI BoD has approved the termination of its shareholder rights plan, commonly referred to as a “poison pill,” by amending the associated rights agreement to accelerate the expiration date to April 18, 2017. Shareholders are not required to take any action as a result of this termination.