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On May 18, $HRL announced the acquisition of Justin's LLC, a pioneer in the specialty nut-butter category. The deal is expected to close in 60 days. $HRL expects Justin's to grow at low double-digit rates from a starting point of approx. $100MM in FY17 net sales.
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.