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$BLL continues to work on its proposed offer for $REX, including reaching an agreement with the Brazilian JV partners for an exchange of the company's shares for the partners' remaining interest in the JV. $BLL's goal is to secure necessary approvals from regulators in Europe, Brazil and US to enable the acquisition to close in 1H16.
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.