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$CHRW said it agreed to buy APC Logistics, a provider of freight forwarding and customs brokerage services in Australia and New Zealand, for about $225MM in cash. The acquisition is expected to be accretive in 2016 and 2017 and will be financed through cash and funds drawn from $CHRW's existing revolving credit facility.
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.