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$PFE said based on Hospira's excellent strategic fit with its Established business and its intense focus on integration of Hospira, it expects to exceed its original synergy targets of $800MM in annual cost savings by 2018. The company added that it now expects to achieve approx. $1Bil in cost savings.
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.