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$BR said that it has been successful in making tuck-in acquisitions that strengthens the product lineup and generates attractive financial returns. The company deployed $56MM in capital to fund acquisitions and investment in 2016, a number that does not include $410MM spent to buy the Customer Communications business on July 1.
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.