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$ENDP determined in 1Q16 that it will wind down Astora business operations in order to cut potential for product liability related to future mesh implants. $ENDP will conduct wind down process and work efficiently to support physicians in transitioning to alternative products. It will cease business operations for Astora by March 31.
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.