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$BANC said it has signed an agreement for the sale of its subsidiary Palisades Group to Palisades Holdings I, which is owned by Stephen Kirch and Jack Macdowell, who currently serve as Palisades' CEO and CIO, respectively. The transaction is expected to close during 2Q16 and to add to its 2016 earnings.
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.