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$JCI said the Adient spin-off remains on track for completion by the end of October. The company has determined that Adient will incorporate in Ireland, and reconfirms Adient's expected tax rate of 10-12%. Adient will host an analyst meeting on Sept. 15, 2016 in New York City as it continues to progress toward becoming an independent company.
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.