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Insurance company $UNM said it has agreed to acquire H&J Capital, LLC, parent of Starmount Life Insurance Company and AlwaysCare Benefits. $UNM is acquiring Starmount for $127MM plus net assets. The transaction is expected to be neutral to accretive to $UNM's EPS in 2017 and is expected to close by the end of the third 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.