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$LDOS said it has entered into a definitive agreement with $LMT, pursuant to which $LDOS will combine with $LMT's realigned Information Systems & Global Solutions business in a Reverse Morris Trust transaction worth $5Bil. The transaction will create a Leading Government-Services Company with increased scale & opportunities for long-term growth.
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.