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$MAR expects to achieve $250MM in annual cost synergies within 2 years after closing, up from $200MM expected in Nov. 2015. Company expects the deal to be roughly neutral to adjusted EPS in 2017 and 2018. Merger is expected to close in mid-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.