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$GWR agreed to buy $PWX. $GWR expects $PWX will require about $3MM of annual capital expenditures and have depreciation and amortization expense of about $3MM. $GWR expects annual EPS accretion from the acquisition of about 2%, subject to finalization of acquisition accounting under U.S. GAAP.
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.