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Packaged foods company $CAG said that on Feb. 1, 2016, pursuant to the Stock Purchase Agreement, dated as of Nov. 1, 2015, the company completed the disposition of its Private Brands operations to TreeHouse Foods, Inc. for $2.6Bil in cash on a debt-free basis. On disposition, $CAG recognized a pre-tax charge of $22.5MM in 3Q16.
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.