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$GXP said that its acquisition of $WR, which was announced in May 2016, is expected to close in spring 2017. In late June, the company filed an application with the Kansas Corporation Commission seeking approval for this acquisition. The company expects to receive all the necessary regulatory approvals by 2Q17.
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.