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Bank holding company $BBCN, along with $WIBC, said it has received shareholder approval from both companies for their proposed merger. The deal is expected to close on July 29, 2016. $WIBC shareholders will receive 0.7034 shares of $BBCN common stock in exchange for each share of $WIBC common stock.
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.