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$BWA recorded restructuring expense of $9.3MM and $13.1MM during 3Q15 and 3Q14, relating to Drivetrain and Engine segment actions designed to improve future profitability and competitiveness, and global realignment plan intended to enhance treasury management flexibility. $BWA also incurred $3.9MM of expenses on planned purchase of Remy.
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.