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$MTSC, which agreed to acquire sensor maker PCB Group for $580MM in April 2016, said that it is disappointed with 2Q16 results. The company said revenue and earnings fell short of its expectations. $MTSC said that it is taking some cost actions to reduce its corporate structure and selectively streamline its Test business unit.
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.