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$SPLS said it is making progress on the $ODP acquisition. On February 2, $SPLS completed the extension of its acquisition financing arrangements and extended the merger agreement from February 4 to May 16. The extension will allow for the completion of court litigation with the FTC and the company expects a decision by May 10.
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.