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$BBT expects to record approx. $500MM of goodwill and intangibles as a result of the CGSC North America Holdings Corporation acquisition. The transaction, which is subject to regulatory approval, is expected to close in 1H16. This transaction excludes Swett & Crawford's non-US business which accounts for less than 5% of its total revenue.
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.