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BRIEF-Wells Fargo says expects efficiency initiatives will reduce expenses by about $2 bln annually by year-end 2018
BRIEF-Concho Resources files to say selling stockholder may offer to sell up to 2.2 mln shares at $133.72/share - SEC filing
Macy's Inc. said it fired Chief Growth Officer Peter R. Sachse, a 34-year employee. Sachse will be "involuntarily separating" from Macy's effective Jan. 30, the retailer said in a filing. Sachse's separation was announced Jan. 9, the company said. Sachse will receive $2.7 million in a lump sum and continued vesting of equity awards through March, the retailer said. The dismissal comes a little over a week afterMacy's and other department stores reported weak holiday sales and as the company announced store closures. Shares of Macy's fell 0.1% late Friday after ending the regular trading day down 0.3%.
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