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$FTK said it plans to buy International Polymerics and affiliates, for consideration consisting of cash and $FTK common stock. The acquisition will be treated as an asset purchase for income taxation purposes. Included in the assets will be about $1.2MM in working capital.
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.