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Investment banking advisory firm $EVR said that it has planned to transfer its Mexican private equity business to its principals Evercore Mexico Capital Partners (EMCP). EMCP has formed a new entity, Glisco Partners, which will manage the existing EMCP funds. Transaction is expected to complete before 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.