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$PBY said its BoD determined that a revised buyout proposal it received from $IEP continues to be superior to Bridgestone's offer. Under the terms of the revised deal, it will receive $0.10 more per share than any new bid from Bridgestone up to a maximum of $18.10 per share. If Bridgestone makes no new offer, the price remains at $16.50 per share.
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.