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$ON also entered into a separate deal with $LFUS to sell its transient voltage suppression diode and switching thyristor product lines, which together with the divestiture of Ignition IGBT was sold for $104MM in cash. No manufacturing assets will be transferred related to the divestiture or sale. Both asset sales are expected to close on Aug. 29.
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.