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Steinhoff International to acquire $MFRM. After the transaction, Steve Stagner, executive chairman and chairman of the board of $MFRM, and Ken Murphy, president and CEO, will remain in their positions with Stagner also joining Steinhoff's executive committee, the companies said.
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.