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Insurance company $SFG said Meiji Yasuda Life Insurance Company has received approvals from regulatory authorities in the US and Japan for the proposed acquisition of all outstanding shares of $SFG. The acquisition is expected to close on March 7. Each outstanding share of $SFG can be converted into $115 in cash, without interest.
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.