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$AEG announced the purchase of Cofunds from Legal & General for GBP 140MM. This deal completes the strategic transformation of $AEG's operations in U.K. from traditional life insurance to platform business, and firmly establishes it as the number one provider in the retail platform market. The transaction is expected to close by end of 2016.
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.