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$HON to acquire Satcom1, a privately-held communications company. The acquisition positions $HON to offer an all-in-one connectivity solution spanning routing software, airtime, hardware equipment, flight support services. Satcom1 revenues for 2015 are expected to be about $25MM and the transaction is expected to close by the end of 2015.
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.