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Cybersecurity firm $SYMC said it has amended a purchase agreement with $CG under which $CG will acquire $SYMC's Veritas information management business for $7.4Bil. Both companies also agreed to increase the amount of offshore cash remaining in Veritas from $200MM to $400MM, which will result in a net consideration to $SYMC of $7Bil.
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.