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$AME M&A Update: AMETEK today announced that it has completed the acquisition of Surface Inspection Systems Division (SISD) of Cognex Corporation for approx. $160MM. Completion of the transaction follows the receipt of all regulatory approvals. SISD has annual sales of approx. $60MM & joins AMETEK as part of its Electronic Instruments Group.
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.