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Mark Delaney of Goldman Sachs asks for an update on the Inotera transaction. $MU said it expects the transaction to close in mid-December. The deal does not have a material impact on $MU's 1Q17 guidance. The transaction will be accretive to GM and free cash flow and the accretion to EPS is dependent on the method of financing.
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.