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On July 1, 2015, $EBAY's PayPal segment agreed to buy $XOOM for about $890MM net of cash. This acquisition is expected to close in 4Q15, subject to customary closing conditions. $XOOM allows users to transfer money, pay bills, and reload prepaid mobile phones domestically and internationally through its web and mobile platforms.
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.