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$MCHP was told that $ATML has given written notice to Dialog of its intent to terminate the Dialog transaction in favor of the $MCHP proposal. $ATML can terminate the Dialog merger agreement if Dialog does not make, within four business days, a written, binding proposal that is superior to the one made by $MCHP.
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.