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$MCO said it acquired GGY, which combined with Moody's Analytics' insurance risk products creates an industry-leading enterprise risk offering for global life insurers & reinsurers. The terms of the transaction, which is expected to be $0.02 dilutive to the company's EPS in 2016, were not disclosed. GGY had approx. $28MM in annual revenue in 2015.
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.