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$FISV said that it received a cash distribution of $140MM from StoneRiver funded from the sale of a business interest. The company reached an agreement with $ACIW to acquire certain assets of its Community Financial Services business for $200MM, excluding approx. $50MM of related tax benefits. This transaction is expected to close in 1Q16.
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.