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The energy company $WMB subsequently rejected an unsolicited proposal to buy it in an all-equity transaction. The unsolicited proposal was contingent on the termination of $WMB's pending acquisition of Williams Partners L.P. Public Units. $WMB's BoD has authorized a process to explore range of strategic alternatives.
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.