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$IPGP said it has agreed to buy Menara Networks, allowing it to offer more integrated telecom solutions and expanding its current telecom product offerings for $46.8MM cash. Projected to close in 2Q16, acquisition is expected to add to $IPGP's earnings in 2018, but initially will have effect of about 1 cent per share each quarter.
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.