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$ATML said its BoD has not decided whether the proposal from the unnamed suitor is superior to that of Dialog's though the BoD has "determined that the proposal would reasonably be expected to result" in a superior proposal. As a result, the BoD will engage in discussions with the new suitor. However the Dialog merger agreement remains in effect.
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.