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$GE said that it has signed a purchase agreement to acquire Metem Corporation, a US-based provider of precision cooling hole manufacturing technologies. Until the deal closes, the two companies will continue to operate as separate businesses, and Metem will be managed by the existing leadership team. $GE and Metem expect the deal 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.