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$SPLS and $ODP said that BoD of both companies plan to waive merger agreement termination date of Feb. 4, and extend it to May 16. The extension allows for completion of ongoing federal district court litigation. The companies are working to extend financing terms and will execute merger extension agreement once finalized.
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.