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$POM & $EXC reached a settlement with District of Columbia and others on the companies' proposed merger. Under the new proposal, $EXC will provide $72.8MM for bill credits, low-income assistance, renewable energy and energy efficiency programs in the District. The $6.8Bil merger was rejected by the state's PSC in Aug.
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.