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$SMG, marketer of consumer lawn & garden products, said it has entered a definitive agreement with TruGreen Holdings & started a series of initiatives in line to concentrate on its U.S. lawn & garden industry business. Upon closing, $SMG to own a stake of approx. 30% in the combined business & would create a business of approx. $1.3Bil in revenue.
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.