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$MPC M&A Update: Marathon Petroleum Corporation today announced that MPLX LP, the midstream master limited partnership sponsored by MPC, has signed a definitive merger agreement with MarkWest Energy Partners, L.P. Merger would be a unit-for-unit transaction, generally expected to be tax-free, plus a one-time cash payment to MarkWest unitholders.
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.