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Excluding merger-related costs expected in 4Q16, $SNV expects the Entaire acquisition to immediately add to EPS, ROE, and ROA. Entaire's key management has signed long-term employment agreements with $SNV. Transaction is expected to close in start of 4Q16. Barclays served as financial advisor to $SNV in this transaction.
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.