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$GRMN said it agreed to buy substantially all of assets of DeLorme. The completion of acquisition is likely to occur within 30 to 60 days. One of most compelling products in DeLorme portfolio is inReach series of two-way satellite communication devices. Financial terms of purchase agreement and acquisition will not be released.
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.