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$MRCY said that it has acquired Decatur-based firm, named Innovative Technologies (LIT). Terms of the transaction were not disclosed. The acquisition is not expected to have a material impact on $MRCY's financial results for the second quarter or FY16. The Company intends to maintain LIT's presence in the Huntsville, Alabama tech corridor.
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.